With no experience they will only finance 70% ARV (after repair value) and with experience they will finance 75% of the ARV. 

Then what happens on paper a property looks like a cash flows very well, then when you add in vacancies repairs and life in general, they end up having to start using credit cards to pay for things and get caught into that spiral To answer your original question most real estate investors are not buying a property every year.

Cashflow is minimal at first, usually enough to pay for the occasional repair and you are paying close to retail price. 

Unfortunately, my lovely co-tenant refused to vacate and continues to threaten the landlord- filing “remedy and repair “ , contacting neighbors, calling him slumlord, opening his private mail — psycho full steam ahead.

The property was an old, run-down farmhouse in need of serious repairs, but we saw potential.

Did all repairs...

We actually spun out our PM work to be public facing and we're able to provide repairs to other owners at a much better price and with a much faster turn around than most other companies that are looking more a SFR remodels.

Purchase price: $163,400 Cash invested: $25,000 Sale price: $240,000A buy&flip project on a Single Family House10K - Flooring, Trims and baseboards8K - Interior Painting3k - Updated water heater, and gas permit2k - Other minor fix, ceiling fan, windows, light bulb, new fridge, and more2k - Holding cost, HOA, and other related utility feesTotal cost of repair - $25k

Will you be required to inject capital if they need it to repair roofs / foundations / plumbing / etc. 

Typically, you don't want to lose money, especially if you have a long vacancy, major repairs down the road, etc.A couple of considerations to calculate:1.