I think it's soft water drain.

It is crazy to think that housing is so scarce people are living out of vehicles, Wal-Mart is selling "cubes" and RVs are renting for insane prices...of course that will happen when the population soars from around 12,000 to well over 30,000 with many jobs bringing in over $100K.

If it's a cost issue than maybe throw in the towell.

I went through my material list (200+ line items) and here's just a taste for you:Paint, primer, windows, doors, dry wall, mud, tape, screws, corner bead, door knobs, door stops, closet shelves, closet hanger rods, baseboard, door casing, ceiling fans, ceiling lights, switches, outlets, cover plates, CO & smoke detectors, underlayment, underlayment screws, thin-set, grout, tile spacers, tile, grout sealer, sanded caulk, cabinets, vanities, faucets, sinks, toe kick, filler boards, counter tops, garbage disposal, water lines, plumbing lines, drain kits, valves, mirrors, towel rods, tp holders, bathtub, shower pan, tub/shower faucets/valves, toilets, wax rings for toilets, dryer vent, floor/ceiling vents, tack strips, carpet

Most of these projects are really akin to well-paid jobs.

But I think you will enjoy some of the soft benefits of having a retail and rental operation combined: depreciation, other tax benefits, economies of scale in remodeling, multiple exit strategies, volume to maintain agent relationships, etc.

He's talking about private home buyers and he's suggesting to keep renting, because the market will go soft again. he's saying that in certain parts of the country, it's cheaper to rent than to buy.

If you go too cheap, 20-40% from what 3 contractors gave you, you might throw in the towel after your first flip, two things could happen, either you will have a nightmare during day time at site until you finish, or you will have to pay twice for the same job, this means you need another contractor to finish the first one.

Hardwood floors will be fine but soft wood like pine will get dented up.

But the flips are great for cash infusions and to help pay for some of the "soft costs" in development.Couple of notes regarding flips and development.1) I think flippers don't know what they don't know.