No hot water, stove not working, no heat, broken windows, door locks not working, loose railing, no lighting in common areas, garbage not in dumpster, no smoke/co2 detectors, etc. anyway that has been our experience. 

if you did there is no way you would spend 80k on a mentor and Still loose 50k on a flip in this RE market? 

(i was like you, interested in shinny objects and got distracted with the stock market... looking back I would have been much better off staying focused on RE) If you can't loose the idea of hitting the stock market, check out "The Disciplined Investor" by Andrew Horowitz and "If it Rains in Brazil, Buy Starbucks" by Peter Navarro (lol Peter is working at the White-house now.

But what you have to weigh against that is the fact that you loose your home field advantage.

Use time between blocks of showings to jot down a fix-It plan or even fix minor items between showings (light bulbs and loose knobs mainly).

The DR approach is great for your average household with consumer debt; it is not meant as advice for a business - such as owning and operating a portfolio of rental properties.Zero debt is not king; you can have zero debt and loose your property to tax forclosure. 

You dont want to loose site of this and wind up in a bind when the cost of PM and maint cut your cash flow.

Very simple what happens if you loose your job or something goes wrong with the property. 

I would loose my earnest money+other costs which adds up to approximately 1.5 %.

I would loose my earnest money+other costs which adds up to approximately 1.5 %.