He got into a work/sleep pattern where he would work solid for 3 days, then sleep for 2 days.

Of course, that is a personal call.Personally, I like to sleep at night.

When you use contingencies do you use several, or is one typically sufficient?

So I guess that my plan is to put bids on properties as if I'm going to hold them to the river (i.e. make sure that they're positive cash flow after paying everybody that needs paying / generate sufficient IRRs), but to the extent that I can, I'd like to flip them for a quick profit.

Many, many investors have made more than sufficient profits from buying and holding for the future appreciation (speculation).

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If the lender chooses to sue the borrower and obtain both a foreclosure order, and if the proceeds of the judicial sale of the real estate are not sufficient to repay the loan balance, then a deficiency for the balance.

Yes, there are times when I want to quit or go to sleep because I'm sooo tired, but my body moves on its own...

OTOH, the eviction specialists usually offer pretty low rates for that specific service, but should not generally be relied upon for unusual situations.By your post, you are a noob, so you probably are not starting out with complex, multi-million dollar deals, so the eviction attorney will probably be sufficient to handle other minor contract related issues, and setting up standard corporations or partnerships.

Typerider,While I understand what you're saying; however, to compare to an inheritance is borderline insulting :) I'm taking a year of my live to sacrifice away from my nice home and cozy crap to work 12 hour days/7days a week, sleep on a little cot in a warzone because I can see the bigger picture.