Accounting practices say the value of an item is its value at purchase until you are selling.

Am I missing anything about flipping practices?

Am I missing anything about flipping practices?

I love working on houses, meeting new people, and am currently involved in the medical field, with the goal of focusing in family medicine while doing real estate finance / investing simultaneously (can be a heavy load, but I'm learning to be tenacious).

Of course I do replace some items as a matter of practice.  

and get some practice. 

I need some practice with something "easier" before I go full bore.If you've read "The richest man in Babylon", it says that a good investment is one where your principal is safe. 

Good to hear from someone on this side of the pond :)Is are any where to look for cases studies of identifying good deals that I can actually practice with?

My practice is in Brunswick, but my real estate is in Brunswick, Topsham, and soon to be Lisbon.

So I've been looking through different websites searching for multi-family properties and practicing to analyzing them using the BP rental calculator and every calculation I've done is nothing close to a deal.