Well, the problem is I already have 2 nice houses that are expensive...Kind of wanted to wet my feet on a cheaper option...Plus, BRRRR model needs time, which I dont really have...Plus when I think how much time and efforts I put into my past fix and flips and got only 20-30K for it- it just does not really make sense to me to work so much and take all that risk and stress...But may be I should think about it...

It's a great business model - if you know the tricks and best areas.

Each vendor had a different suggestion on where to mount the units, what to do about electrical, etc.If you have steam or electric heat, you should consider the hyper heat models.

I once found a receipt for a model T 1925.

Find a realtor who is doing exactly what you want to be doing and model off of them. 

I don't know that it's a good business model to have the nicest house in a not great neighborhood. 

I don't have access to his book but I find it hard to believe he bases his model on a 50% cash-on-cash return.

Having umbrella insurance or having an LLC for your property management services is a great business model to protect yourself.

Im trying to plan my business model for the next couple years and debating if I want to aim for flips or buy and holds.

I understand that finding good deals is essential to the flipping business model, but I think there are enough properties even on the MLS that are rehab candidates and priced appropriately that will yield a positive return.Base hits win ball games and I think it is important to not focus all of your attention on finding that home run deal.