It's a little funny these comments are coming from people who have 0 real estate experience, other than raising capital for operators and fix and flips... 

Even flips are getting razor thin margins (see reference below). 

I could potentially make 20K flipping a new mobile home install.3. 

Three different dogs that I've owned, all bitten by three different GSDs, and my current dog was flipped over and the GSD had it's mouth on her neck, but didn't bite.  

A few of the top trainer gurus who use to promise 30 to 40k profits per flip if you buy my 20 to 40k trainer were put out of business by the FTC.. its just not real.  

Investment Info:Single-family residence fix & flip investment.

I’m curious, what’s the most creative or unconventional strategy you’ve used to structure a BRRRR or Fix-and-Flip deal?

Hello BPers,I am an investor investigating the eastern Michigan market for flips, short term rentals and buy and holds. 

Part of my issue was not having a reasonably priced handyman ahead of time and eventually overpaying to just get it done and also inexperience as a manager.With that said, you essentially have two options: very cheap properties in less good areas (you're looking at 100k or less--which you might have trouble getting a good lender for)  or trying to do some sort of house hack (e.g. live in flip, live in rent by the room, multifamily) where you budget will be closer to 200k-300k.Personally, I would not look at real estate until you are maxing out your 401k and IRA, but lots of folks have done significantly better with real estate than stocks and would think I'm crazy for suggesting this.

Successful investors often focus on properties with potential for flipping or long-term appreciation.