Transparency is key- detailed budgets, timelines, and exit strategies will set you apart.That said, moving to a new home mid-project could add a lot of stress.

Never thought about it but that is clearly a key piece of knowledge that can come in handy whenever needed.

The key is to start small, leverage creative financing, and keep reinvesting to grow your portfolio.

Tenant shall be charged $[amount] to cover the cost of this force-placed insurance.The other lesson is that you should never hand over keys until you have proof the Tenant has met all requirements.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

There are a couple opportunities thats on MLS currently, and I am crunching through my math and it seems to work out well (positive cash flow, decent cap rate).Some key assumptions I hope still holds true today:  low vacancy rate in general. ~1000-1200/month for a room in a single family house / duplex. 

In addition to that, building your network is key.

They would not be upside down.The key is finding VERY discounted houses.

The key will be to set up terms so your monthly payment works.

With flip loans, experience is key.