You should consider skipping college and getting your real estate license if you are super serious about the industry!

Many of our investors/wholesalers team up to skip trace, door knock, drive for dollars that can be capture in the application. 

. $250,000 for 1,600SF isn't outrageous, but you could probably do it for cheaper.If I were building a brand new home, I probably would skip a basement.

I'll skip the details, you'll find thousands of posts on BP on why.You probably want an LLC for your flips in the State where you flip.

I notice you skip right over who does the clean up, Jim, and who has to approve building in areas that aren’t defensible.I also see that now you admit that your fairy-dust belief that people “will” work with insurance companies to clean up is not necessarily true.

For example: the multifamily sponsors will usually pay the considerable extra cost required to do a cost segregation analysis and this will increase the investor depreciation in the early years (versus an individual, direct investor who often will skip doing this because of the cost).The advantage of the passive investment is that you don't do any work.

They should put the tenant on notice, and indicate their intent to terminate their lease if they don't correct the problem.If you have no such clause in your lease, you can find the owner of the property using tax records, then skip trace the owner and contact them to let them know of the situation.

You'll need good contact info for them to be able to collect, and ideally the new address for the tenant however which if you don't have can probably be found easily with some online sleuthing/ contacting their employer, skip tracing software, etc. 

So in reality, I've made $142...luckily I have extra cash and was able to make those LOC payments without taking the Prosper money...but I cannot imagine going into my account and transferring the money out of Prosper to my bank every day over a 2-4 week span...unless you "skip" the initial month and let the cash build up...the point...it's tedious as F*&K to manage.

I own an interior design and renovation service, so I'm ready to skip step one and go right to the distressed property.