A 4-point inspection summarizes the age and condition of a property’s 1) Roof, 2) Electrical, 3) Plumbing, and 4) HVAC, and it’s only good for one year from the date of inspection.New systems, upgrades, and/or a new roof can change your premium dramatically.

To summarize don't underestimate the time,$,commitment involved.

To summarize, if you have appropriate insurance, possess a good vendor contract you require your service providers to sign and obtain their insurance certificates with you listed as a certificate holder, you are taking the necessary steps to protect yourself.

@Stone Timber your response with MISTSKE / ADVICE summarizes everything related to real estate investing / fix n flip. good stuff to learn and understand the real world.

To summarize, I need a ghost writer!

I am not in front of my Linux machine at the moment so I will summarize.

My takeaways aren't going to be news to anyone who reads the wholesaling forums, but I'll summarize them anyway:Wholesaling is a volume game - get a large quantity of letters out there with quality copy and you will get callsWhat you do with the calls is just as important as getting the phone ringingWholesaling is a lot of work, this is NOT passive incomeI think the reason people say you need repeat mailings is because it appears that way, in reality though, I think people get your letter and hold on to it, and may call you 6 months down the road from a piece you sent long ago.

Hopefully I summarized the points made here fairly accurately.

It isn't the best investment in the world, since it technically isn't cashflowing, but I've been happy with it as appreciation has turned out to be about $1800 per month and I've been able to learn quite a bit about landlording.So to summarize, I spent about $20K for this property that has taught me a lot and will hopefully be a springboard into more doors since I plan to sell it using a 1031 exchange eventually.Hope that helps!

@Corey Westermann, I "hang my shingle" with Summa Real Estate Group.