There is another building right next to it, a church and daycare in the back of it and businesses within walking distance to eat and shop.

Or do you people go out to eat and stiff the waiter or tip a waiter that has a different table .

You can't cash out refi because the closing costs and payment will eat you alive.

But I worry a bit that all the transaction costs (time and money) in finding and buying the house on the front end, and and selling the house on the backend, with accompanying paperwork/legal/etc, would eat up so much margin as to make it difficult to make real money on the rehab itself (i.e. improving a run down property back up to 'market' value).For those doing 1 & 4 (straight flipping or rehabbing and flipping), how do you find properties priced low enough, and sell them high enough, holding down your costs all the while, to make a decent profit?

I don't have a problem going into debt for real estate, but I just don't want all this credit card debt eating up any more of my income.

but actually going to work and saving your earned income is downright foolish - that's where inflation and taxes EAT YOU ALIVE.

:D It's kind of like we are a pack of lions and many times when one lion makes a kill the whole pack eats.

Do they just have to eat them?

Eat it and move on.

Their 10% will eat away a good chunk of your money as well.