I worked them, remodeled them and made very little money and eventually sold them for little to no profit.

@Tiffany Da Silva Your proposed banking structure is effective for organization and profitability.

You can make great profits flipping houses, but you can also lose a ton if you don't do it right.That said, I encourage you to be in touch with an investor friendly agent in Indy.

Try researching organizations like Oxford House, which operates sober living homes nationwide, or check directories like TransitionalHousing.org for recovery housing programs in your area.

It's a business and it's very profitable. 

What usually happens is that houses of cards fall, they just haven't been in the arena long enough to find out.I have seen seminars that might be similar to the Speed organization, heck, it might have been him, I don't remember.

Am I being dumb by NOT waiting, because it’s unlikely - I assume - my next deal will be as profitable (I got very lucky on this one!)

Fast forward three years: He’s moved out, and the property now nets him close to $1,200 a month in profit after expenses.

Plus funding is readily available and deals need to mature a few years before profits emerge, so why would a turn key provider not just keep a good rental property.Our inventory is so low in Milwaukee, that sellers don't have a reason to give a discount. 

Fundamentals change neighborhood to neighborhood (i.e. appreciation potential), inventory/absorption issues may exist, rogue city council members and/or registered community organizations can make neighborhoods less appealing with little oversight which impacts value and marketability.