If you're flipping just remember to build a team you can trust and run your numbers for the worst case scenario.

We're now looking for another investment property...the market has shifted, interest rates are higher now, and there are many investors in our local market that have long ago snapped up the easy ones.Now, I'm continually listening to BP and other podcasts with the idea of figuring out how to create a good deal, instead of "finding" a good deal.Also, whether you're a real estate agent or an investor, remember that the market will change...the interest rates, rent rates, and who knows what else will change. 

I remember your previous post. 

You have the book knowledge started and a general idea, but you have to remember that the books are all a broad overview and not exactly how it will all work in real life because your finances, properties, living situation will all be different than other.What's your goal of leveraging your current property to get another one?

We'd like to move out of this primary residence and initially were looking for a new place to rent, but then I remembered about line of credit and then had the idea to inquire about this for our vacation home.

Depreciation: Remember to depreciate the property and its improvements.2.

When we did our first flip I remember running the numbers that way - accounting returns only for the cash we actually put in. 

Just remember: most negative reviews are written by problematic tenants.

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.