When you are first starting out, you should probably buffer an extra 20% on top of your renovation budget to cover incidentals while you are learning the true cost of flipping.When you do all these things (conservative estimate of ARV, additional 20% estimate on construction costs, using a conservative 0.7 multiplier in your estimate), you are unlikely to lose on your first flip (but it will be harder to find your first flip).  

All are being used as LTR and managed by local PM. 

Hi all - I am an investor who is looking to share ideas and opportunities with fellow real estate investment enthusiasts.

While I am a lender, I personally use hard money on all of my own investment projects.

Therefore, the owner had to go all the way through the courts for an eviction. 

all the best!

Quote from @Ron Simoneau: Hi All. 

Set your investment criteria, systems, and rules—and stick to them.2.Tenant management is all about structure.

Goal would be to acquire 20 rentals by the age of retirement, with some already starting to be paid off.I am in the same boat as you, and I focus on safe appreciation all day (small cash flow for safety and then focused on markets on that appreciate). 

All the best @Anthony Poulin