The reality is that my LLC owns the property not me. 

You can make money on such a deal, but you have to tailor your strategy to match the reality.

The reality is that if your equity is what is creating your positive cash flow you do not actually have any positive cash flow on the property.

If we don't update a thread like this with reality, people will read the 2.2 in the title and get the wrong idea.Am curious about a couple of things.

Ramos flip numbers don't sound like reality.

Based on my goals and calculation to find 30 properties that that provide 80% CoC returns within 3 months does not fly in reality.

In reality it means your living room is 6" wider than theirs, no extra rooms no extra fixtures....is that really worth $15,000 in the market?

Everyone wants to think they know where the economy is going, because it provides comfort that you're not making stupid decisions - but the reality is that no one has any real clue.

These posts are actually amusing for Mortgage Industry people to read at just how out of touch they are with reality and all the  stupid mistakes that go on behind the scenes at Banks during the loan process and U/W.

Andrew Johnson , or a reality tv show .There seem to be a dozen or so flipping shows .. but I think it could be good entertainment to have a reality show based on landlording in the hood.Lots of drama !