Without the ability to do work yourself, have labor at cost (if you are a contractor - for example), or have market appreciation help you in the renovation period, a full BRRRR or healthy margin flip for a new investor is really difficult.Thanks for sharing.

What subject to invokes is entrepreneurial risk; the thing all real estate investors live with in an attempt to grow our assets, and gain a financial “free” lifestyle.  

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

But with all major repairs done and a cash flow of $4000/month (with healthy allowances for maintenance and cap ex) we hope to start taking a monthly cash out in a year or so....

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

In many instances like this one - by the time it gets investigated damage is already done I love these articles not for the fact investors are getting abused.. but the statements about lavish lifestyle  fancy dinners etc etc.. every single white collar litigation or criminal complaint has that exact same language.. and now you know why the Mafia guys just lived in some plain Jane home and maybe drove a caddy and ate at a low end restaurant LOL.  

In terms of business , I love my beach home but people do not book a beach home on a dreary January day, but this place is fully booked in Janaury because couple love to walk the downtown, take in an opera and live the Manhattan  lifestyle right on the island and you dont have to get in your car .

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

so that gives me some flexibility... but it just has not 'replaced' a healthy W2. 

hehe real estate you never retire its a lifestyle you know that !!