Stringer Bell I think is

@Ndy Onyido frankly I expected quite a few more posts with your point of view.One thing that gets lost in all of this is the personal interaction.. the inflections the enthusiasm that comes with belly to belly and or at least over the phone..I have to hand it to anyone who could learn this business by just reading on the internet I know I could NOT .. 

Since then I've been devouring the podcasts and forum discussions like fat kid in a Twinkie factory.I'm ready to get out of analysis paralysis and take my first steps towards achieving my financial goals, so I'm sure you'll see me around here more often.  

Sometimes it's unavoidable, but you can definitely minimize it by being really comfortable with your original plan, and where you will cut the fat when (not if) you need to.Then, the construction loan is only very short term so you need to make sure you have solid contractor who can get things done on a timeline.

He discovered that the pipes leading to the city lines beneath their back yard are bellied and they are facing roughly $6200 in repairs, not including the cost to repair the deck, which will be torn out, fencing, and replacing the landscaping. 

It's been tough trying to find a 12%pa cash-flow property here lately and this a higher return than that.Phoenix has become a little tougher to find a deal with a lot of fat on it, not impossible, but tougher than when I started.

I think that is a red flag that a turnkey provider is making a fat profit.

If I did my calculations correctly, I am looking at a 3% cap rate and a big fat 0 cash on cash return. 

As it sits, $1000/mo on 40K is nice fat 30% cash/cash ($12,000/$40,000), but it's only a 3% cap rate ($12,000/$400,000).

Anytime a buyer can't close on time the only way I continue is with a very short extension and an additional big, fat, non-refundable deposit.