Or, is it back to the old-school way of "beating the block", looking inside every 80s-era for-sale home in this area until we find one that needs enough rehab that we can put in an offer low enough to make money on the flip? 

I was at a rental property that i'm managing and there was a random guy hanging out on the docks at the property which were closed/blocked off. 

I have a STR one block from the beach in Carlsbad.

Usually it leads to mistakes and road blocks that could easily be avoided through better preparation.

You might have issues getting a loan with so little liquidity left, so that could be a potential road block.

Owner is asking $190k Cash only (currently occupied by owner)Rehab Budget is $75k. 45-60days to complete.Based on comps: $350k plus The property is couple of blocks away from Texas Southern University and University of Houston with over 70k students combined.Not in a flood zone.Pm me if interested

Because people will pay $5.25.I understand that, but assuming a cup of coffee is not gonna drain your pocket and a million dollars will, im not sure that is a likely scenario for 99.9% of investors out there.

After watching friends lose millions and in one case several hundred million in the 2008 crash, I am convinced that building cash flow with little risk is that way to go, and putting your personal house on the chopping block is too risky for my taste.

Dedication, time blocking, and sticking to it no matter what.

Recently I have been presented with an opportunity to buy a house three blocks from the shore in Belmar New Jersey.