You can save and have a foundation to do your first fix and flip

Septic, nonpermanent foundations.

Value-add properties are great once you have a good investing foundation and the right teams in place. 

Other start-up costs such as appliances, which are normally considered capital improvements, become deductible in the current year under the de minimis safe harbor provision of the tax code.Note that some renovation costs will always be considered capital improvements regardless of whether or not a property has already been placed in service (for example, replacing the entire roof).Examples of renovation items you want to complete before you place the property in service:fixing structural issues (for example, cracks in the foundation)replacing an entire roof, floor, bathroom, kitchen, or plumbing systemadding a deck or new HVAC systemExamples of renovation items you want to do after you place the property in service include:painting installing appliances replacing a doorknob or windowrepairing an existing plumbing systemother minor repairs

When foreclosures dried up, we went after short sales and when those dried up we started to focus on properties with mold or foundation issues and learned how to fix those and when that started to become too difficult and the rehab was not worth it anymore I had to pivot again and we buy properties in good shape that fell through with another buyer.

The key is to have the foundation of the transaction solid before embarking on this. 

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

BP has built a great selection, all of them worth reading and that will help you build foundational knowledge.To answer this one: the words from old school investor Dolf De Roos "seldom sell" and you will find a lot of post on BP from people who regret selling properties in the past.

So the major issues in a house are a foundation issue or a structural issue, the next tier down would be a mechanical issue like Electrical, Plumbing, HVAC, then roof - which isn;t an issue a new roof is very common in a fix n flip, and then the outside facade: Brick repair, driveway repair, brick pointing.