If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Have a legal advisor or counsel review your documents before signing.These will make your ultimate exit strategy, post Hard Money financing period, much easier when: - preparing & submitting paperwork for individual tax returns - maintaining the note in good stating with consistent payments & digital payment history paper trail - digital and/or easy access to documentation - preparing for a Re-Fi, Conventional financing, payoff, or even Flip/Sale & deed/title reconveyance to remove the Hard Money Lein holider at the end of the note's term

@James McGovern yes, it can if you put a lot of time into it and have consistency.

These are all things you need to do some homework on and figure out.In terms of BRR and flipping.Flipping makes you more money now.But BRR gives you the opportunity to invest, recoup your investment, have heavy depreciation tax write offs & build a portfolio which PAYS YOU IN YOUR SLEEP.You only have so much time to work, but the need for housing will consistently increase as our population is outpacing or supply of housing year after year.

To add: you have a historically strong and consistent tourism presence, limited land/STR allowable areas, highly liquid property compared to selling a cabin in the woods, all 9 classes of visitors in the STR sector, and appreciation.  

However, I haven't been consistent with the other hand soaps, dish soap, etc. used as no one has brought it up yet.

I consistently see people with $10-$20k spend most of it on training and being told by these gurus they can make 30-50% returns with their eyes closers only to realize it will take 48 years to make back the cost of the training.

It's nice to have lofty goals BUT you need consistent income and savings.

Appreciation has been more consistent (and much more remunerative overall) for me than cash flow.  3.

However, because Shellpoint has CONSISTENTLY FAILED to properly credit my accounts over and over, it is a non-stop string of emails stating I am past due, blah blah blah.