New investors barely have any investing fundamentals under their belts, and then they want to add in the highest risk factors?

It was published in 1994 and was perhaps the last time a DIY landlord and occasional flipper from the Rust Belt actually tried to explain what the life is really like.

and in the lower price points especially in mid west rust belt the under 100k is dominated by investor i bet 10 to 1  at least. 

@George Blower I was thinking about that yesterday and it's a really good point.

Some blanket assumptions on when BRRRR works for me scrounging the MLS (I only have 2 such situations under my belt and everything else has been direct or wholesaler so I'm by no means an expert):Act fast - this went under contract day 1 Cash close no contingency and high earnest money - they knew I was serious and would close  In general the property will need a good amount of work/risk to offer enough meat on the bone. 

A the ground floor of the building being commercial, floor 2 and 3 potentially residential.I don’t have an immediate need to utilize now but see the value in having that strategy in my tool belt.

Main reason for that being so I can accumulate at least 2 more properties under my belt, granted that the price is right.

I have one deal under my belt but this home was in prestine condition and on the brink of bank repo so fixing and flipping is new to me. 

HVAC we put in a new ac unit and blower in the furnace. all new switches which was actually dang pricey as its low voltage.

Lately though I have put the steamboat idea in the back of my mind until I can get an investment or two under my belt and have some cashflow to work with.