another big issue in worcester is traffic, you need to know the traffic patterns and how a prospective buyer would get to and from work. 

One way to keep housing affordable is to avoid doing the over the top Marble-and-Glass-mosaic-tile-everywhere flip.

FICO does like when you get right with old creditors, but FICO also likes seeing a modest and conservative credit usage pattern. 

She was advised of her options but nonetheless, I am seeing a pattern and want to nip it in the butt now.With that said, should I do the 3 day pay or quit form that will also set the standard for future incidents? 

You'll begin to see a pattern.10.  

Was it possible this perspective tenant had a low Credit score and his credit history showed a pattern of to much debt .Sometimes there is overwhelming data .   

Either there are facts being left out that are causing information asymmetry between what we know and what your CPA knows (and thus the wide chasm of opinion), or he isn't qualified to handle this type of fact pattern for you.Generally, you'll keep your rentals separate from flip activity in their own LLC. 

Probably because it represents your adult life, but trust me, people purchased real estate before you joined the adult world.When you say waiting for the next down turn, there is no historical pattern to support that another major down turn is coming.

Track it all, look for patterns, and start figuring out ways to minimize your expenditures and push more money toward debt payoff.The first personal finance book for many that gets through is Dave Ramsey's "The Total Money Makeover."

Bastrop to Marble Falls.