If not, please let me know and thanks in advance for not judging me on my bad investment :)In 2007, I thought I could make some $$ on a preconstruction flip.I bought a very nice condo in a preconstruction building in the Chicago city limits (in an up and coming area, not too upscale, but not the hood - close to a lot of nice stuff and the mass transit)I bought for 390k with 5% down and took out an interest-only loan.Alas, the real estate bust happened.  

I am just beginning to use this method (transitioning from doing flips to get me DP money to buy a rental) and have just made an offer on a property and plan to get it rehabbed and rented ASAP.

Congratulations on the move and transition into this exciting industry.

This should allow for an easier transition as the industry should be familiar with the existing standards.

Your goal is to make the transition as smooth as possible.  

Long term I want i want to rent houses and build up a large portfolio of houses so that i can transition from my 9-5 in a few years.  

Newbie investor out of Oklahoma City, looking to wholesale and/or rehab properties and then transition into buy-and-hold properties!

It was a strange transition but worked out better than I could have ever hoped/prayed for!

I am looking at capitalizing on my time off and transitioning into a second career in real estate investment.

I'm considering taking a job as a home inspector and transitioning out of the granite fabrication/installation , kitchen and bath remodel field that I've been in for 18 years.