We have learned to stay away from notes on $70k or less as is value, as by the time you foreclose, hold, and rehab, you are in it for much more than you would be buying the home outright & will make little to no money on it unless you get it for a couple thousand dollars.That is why we shifted to 2nd liens, as you can get a 2nd lien on a nice home with full equity and paying firsts for $0.50-60 cents on the dollar, though again, those prices are double what they were, so we hope the hoards to find another shiny object SOON, so the prices can come down to earth.

* Over 5.4 million cubic yards of earth has been moved (98% of total)

BUT - one thing I noticed: how on earth is the cash flow column increasing in his example so quickly?

I'm a value investing apprentice so naturally I'm a fan of Warren Buffet:"In some corner of the world they are probably still holding regular meetings of the Flat Earth Society.

Here's my current situation:- 40 yrs on earth, 0 years owning or investing in real estate- 580 credit score- South Florida (Miami Dade County and Broward County) market- No considerable cash savings- 90K + w2 and have a spouse with w2 as well- Renter with no mortgageHere are my questions:- Does flipping makes sense for me or is BRRR the way to go?

Why on earth would you stop and do anything yourself?  

I fell off the face of the earth a bit on this one, but @John Woodrich, thanks for the mindset insight.

I am also optimistic that sellers will come down to earth.

We reduced the level a lot just by filling in an area of bare earth with concrete in the cellar.   

It's not who I am, but it is one of my passions. land on planet earth is intensely fascinating.