J Scott hit the nail right on the head.

I count deals like so:- Every time I close on a loan/sell a property- Every construction draw I take out on a rehab- Every time I receive a rent check - Each time someone I have ever talked to closes on a dealThis makes me look more experienced and polished as an investor.:) On a serious note I count a fix and flip as one deal and do not understand the logic of calling it two deals.

There is more to rehabs than driving nails and painting.

On the flip side, a nice, new, masonite pre-hung door should only run you about $50 (At least, that's what it costs me) and should take a good carpenter approximately 10 minutes to nail in place.

The bottom of the cabinet is bowed and may have mold, it is wet.Stopper is missing for the sink and the tubtub seal is not sealed, just a few finishing nails are in it.

J Scott pretty much nailed it as usual.Check areas in the rust belt.

I think Scott may have hit the nail on the head with "In addition, you may also be competing with rental investors who may have a long-term strategy.

You'll find its built of gold and its in perfect condition and they just polished to garage floor.You want to ask very basic info, address, what the payoff is (not what is owed), how soon do they plan to move, are they behind on payments.

If you put 2 big nails in it 10' high you wouldn't be able to knock it down without a ladder.

The ones in my last rehab were nailed in (which is common up here).