@James Wise has a youtube chanel devoted to learning about the realities of inner city investing.

In reality there's often a meeting in the middle.Before you get to far into it, make sure you have some sense of the financing.

Updates include new upstairs flooring, kitchen counters/sink, bathroom vanities/toilets, and fresh paint.

Reality is you won't learn to flip yourself without making some pretty big mistakes, mistakes that cost $, maybe all you're $.

If you are not licensed therefore cannot legally do anything other then DSCR you simply have not seen how it works in reality and how DSCR loans (on credit, not on credit or in an entity or not) effect the next full doc loan.

Because reality is entitlements are so nice, working is optional. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

The area I am targeting is a vacation destination that is rather seasonally resilient (working theory backed by decent to moderate research so far).If I can get past the zoning hurdle specific to mainly "wastewater" - referring to the collection of the toilet, shower, and sinks discharge - I want to purchase 10+ acres that allow me to scale to something quite significant in time. 

Lot's of people like to bang the gong of cash-flow, but reality is cash-flow is a mechanism of sustainability of operations, not some big profit center. yes, some like to twist it to be, via various function of neglect.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!