Well, not so fast.For every successful flip, there is an account of some nightmare project that sucked the bank account of someone dry.

I'm a dry sponge trying to soak up all the knowledge.

We used to buy a lot of foreclosures back in the day but that source has long dried up.

Is this a cut and dry 20% down deal the rest through a commercial lender like Wells Fargo or are there better ways to do this? 

One is humid and one is dry, the types of activities to do are different in each city, take a look at where you would be the most happy as well if you're going to be living there!

Upper NW and over $1M still move quickly-  condos, developers @ SE has dried up.

You could have someone walk each unit and turn off the water supply to each toilet for 5-10 minutes and see if any tanks runs dry.

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

Oddly, Vrbo bookings nearly dried up and I get a steady stream of Airbnb leads despite the higher rate I set there.Unfortunately, by giving Vrbo a three-month exclusive head start, I missed revenue that could have been earned by listing on multiple OTAs from the onset.

It may be out of state, so you will have to determine if that is something you are willing to explore.It isn't always cut and dry as some suggest.