This deal showcases the power of smart investing and timing.

Permitting does take quite some time but you should factor this into your underwriting.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

There’s a lot different tenant types and I’ve spent a lot of time figuring things out.

These policies also cover you in all other areas of life like car accidents as well.

Rates are a bit higher but if you can leverage up to do more than 1 flip at a time, it will be worth paying the lender fees.

@Christina B.Hi thanks for your comments and link.Your message is very timely - we just got our first booking - was so excited after the deflating scam booking inquiry.

Please let me know what days and times work for you.

Would love to hear thoughts from experienced investors—does this approach make sense for a first-time real estate deal?

It's a great time to get started.