If you are worried, do a little extra due diligence, and dig deep to see if you can come up with reasons, other than where their income comes from, that they would not be a suitable tenant.Rob

welcome Ryan,I took the dive in April after few months feeding on BP .

The landlord business is not for everyone, and deep pockets are needed to stay afloat. 

Any tips about finding flip houses, finding investors or the best way to dive into flipping please let me know.

If you have deep pockets or a partner willing to pony up be prepared to outlay 30-40% of the project cost between down payment, closing, first construction draw, etc... while you wait for inspections and draws from the banks to be processed. 

I specialize in rehabilitation transactions and would love to dive into a scenario for you.

Because the rents were so low, there was a lot of deferred maintenance, a previous lawsuit with a neighbor that a tenant told me about, and problems with garbage pickup because bills werent paidOverall, If I had believed the financial statements, I would be in deep doo doo now.

I don't know how to build/obtain targeted mailing lists yet but that's my next topic to dive into.

If the market dives when you are halfway through a flip that is taking 2 years when you thought it would take 6 months you could have an issue on your hands when trying to resell.  

It is for people who have experience with rehabs, have deep pockets, financial analysis and an understanding of markets and market cycles.