It's best not to spread yourself too thin, and having your family also interested, lends itself to each of you learning more about a specific niche.

Then if there is a foreclosure, the bank will pay to bring it current either at foreclosure or when they sell on the open market.If you do take it over and do a special assessment, maybe spread it out over a few months and try to work with whoever is owed the money.

As I understand it that would be where I as the investor gets the property under contract from the seller for purchase price A at X amount per month and then contracts with the tenant buyer with a lease option for purchase price B at Y amount per month and make the spread between A & B and X & Y.

But on to the question at hand...I wanted to ask if the way we want to do business will spread us too thin, especially for just starting out in RE.

In my case, based on my system, I may offer more than (not much more) the AP because when I refinance...I get it all back anyway.Example:   AP = $54k$100k           ARV$  17k           Rehab + Closing$  71k           TOTAL COST$  75k           75% ARV (REFI loan)$    4k           Spread$  56k           OFFER ($2k higher than AP)$  73k           New TOTAL COSTMy cash flow won't change since I'm going to REFI $75k (75% of ARV) anyway, and as long as my total cost stays uner that $75k...I will still get it all back.

@Dan HillYellow Letters are marketing tools that will spread your message across the board.

The annuity lowers their tax burden by spreading the gain over years, and they will earn more money over the long run.Explain to the seller that they can keep the mortgage note for income, discount and sell it for cash, or use it as a down payment to leverage the purchase of other real estate.  

There wasn’t a huge spread on either of them but, most importantly, I’ve overcome the inertia and have got some momentum.

That should increase the spread in the example you used.As you stated, it is definitely better to go with the 15 year loan, as long as you can afford the vacancy or extra repair costs. 

Make sure the homes you are flipping have a good enough spread in them for you to make your profit.