Those aren't exactly something the Consumer Financial Protection Bureau has made optional...My BS detector is starting to activate.

Door knocking is good too ( time consuming i recommend doing this with properties you really want and know could be a gold mine). 

Capital Expenses, items that are not just consumables like appliances, roofing, AC, all have what is called a Class Life and get depreciated according to IRS rules for that Class.  

. $30,000 to pay off some high interest consumer debt.  

Which in turn allows more competitive interest rate pricing to be offered to the consumer because the lender puts some of that extra profit in their pocket, and passes some of it onto you.These 5+ financed property loans have no special thing that helps it sell for more on the secondary market than Fannie's base offer price.

Can get very costly and become time consuming - easy to get in over your head.

Most of the builder in those rural area dont like to build near austin for the same reason as they say "whatever takes us 6 month here it will take us more than a year there, because of the permits and inspections are time consuming near austin" I am hiring a builde, who is  basically  is subcontracting each stage. we are using my finance loan (Interim loan). in this case we might calling him GC. we call them a builder here, and they are definitely not GC for rehab projects those are different, they only build costume and specs homes and commercials. 

That would consume over half of my cash flow.

I know it's a time consuming process but it's all I have to work with as of now and gives me a good estimate.Looking forward to seeing other's responses!

Hello all,Firstly I would like to say thank you for all of the insight that I have consumed over the last few months while I considered taking the plunge into this incredible field.