Best wishesThank you for the reply Dan.

We refinanced and cashed out all our renovation budget plus $5,000 and actually kept monthly payment the same as rates had dropped.

Best,

I understand that there are reasons that full title searches on auction properties cannot be done but through many BP and other books understand there are some "best effort" services in some areas. 

Tax-wise, profits are taxed at your ordinary income rate, and frequent flips may subject you to self-employment tax if classified as a dealer by the IRS.

Default rate - as you scale you will have a 10% default rate on loans.

I wish you the best of luck. 

You'll never get your best deal until you understand what the other side is dealing with. 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

No deal will ever feel perfect—it’s easy to overthink, but the best way to learn is by diving in and taking that first step!