You need to do periodic walkthrus to catch this and all the repairs you need to do. 

Only when you buy with financing is there a seasoning period before being able to refinance.

Periodically, the tax assessor office will determine what a property could realistically sell for, known as the fair market value.

More of a trial and error approach.

I live very minimally at home currently, still with my parents, so I would only be spending about $350 a month total, including the loan (assuming I can get it for the time period I calculated, which is 3 years), so I would still be able to put aside about $11,000 for school, a car, and the downpayment for my first deal. 

My stock market investing when working was to accumulate a $100k (back when that was a respectable amount) over a 10 year period only to see a 40% drop.

Period end of story.

It has gotten us involved in the city's government and has directly resulted in us quickly growing our network within New Orleans in a relatively short period of time.

They did not, at the time of my trial, offer any check-writing capabilities, so paying bills is nigh on impossible unless you find a vendor that will take a virtual debit card or ACH payments.

It kind of triples your likelihood for a deal to fail.The truth is that, for most of us, a successful flip or BRRRR without the tailwind of appreciation during the renovation period is really hard.