But in smart buying, if someone has enough cash to pay cash for a property, they could easily stash a good chunk of that away to cover downed months and still leverage to increase the overall returns on their portfolio.

House Hacking Strategy: Living in one unit while renting out the other(s) is a smart way to offset your mortgage.

The easy answer is the smart buyers aren't. 

This is a great idea that I think I will incorporate.Your point about a contingency line item is smart, I will need to talk to my lender about that possibility. 

to your point, if you save up so that you're in a strong financial position, house hack a solid duplex in a decent neighborhood, make smart decisions, and hold it indefinitely, you'll be fine.conversely, if you have $0 and somehow start out with a risky flip, or borrow $20K and spend it all on a magic mentoring program, or buy a terrible property in a neighborhood you've never been to, you may not be fine.

It might be a smart idea to contact some private lenders! 

You’re in a solid position with this property, and it’s smart to weigh your options carefully.

It's a little device you pair with your cell phone.

And consulting with a local attorney to ensure compliance with state-specific real estate laws, plus making sure you have the necessary permits, is a smart move.As you start, also look into state-specific rules regarding contractors and renovations, especially if you plan to flip in different states from where you reside.

Absolutely, real estate can still be a smart investment—even in this market—and the Panhandle is one of the best areas to consider right now.