Cap rates are at 5-6% on a stabilized SFR with a long term rental strategy.Only strategy I am seeing pencil right now are with a rent by the room / co-living strategy .Flips in some areas kind of make sense where you're all in for around 80% and can make a spread.I'd suggest evaulating different strategies or markets, else you may burn yourself out - this is learned from experience :)Shoot me a pm if you'd like to chat - I'd be happy to chat and help save you some time.

Also understanding how things are put together, how siding works, gutters, etc (basically as many aspects of the home as possible)Having this knowledge will also help you from getting burned by contractors telling you things just so they can save time and money and deliver a crappy service. 

A neighbor finds out he is living there with a simple online search and burns your house down3 A neighbor tells the local news channel and they show your house on the nightly news 4 A neighbor find out you are the owner with a simple online search and they begin harassing you and your family where you live. 

I was a beekeeper in the past and had a business removing bees from unwanted areas as well as working with swarming bees. 

Its a great place to get started and get into some great investments but its also an easy place to get burned!

Basically he’s burning the bridge down for all future work that we can do together as well.I believe in paying our contractors and I’ve never had an issue in 20 plus years.

Stone outer shell, Burn out. 

don't pay off properties as quickly as possible when you're starting out, that will burn up your cash.

Don't want to burn my money on the first go. 

There is a burned out shell of a building located on a main street near our home.