Since I cant account for what their money cost,I have found that is the biggest flaw.

My biggest goal for 2024 is to be around more like-minded people.

I thought it would be fun to start a thread where we can share our craziest fix-and-flip stories, biggest "oops" moments, and the golden nuggets of wisdom we've picked up along the way.

My biggest rule it to pay off the heloc as soon as possible because the rate is variable and its much safer to be in a locked in mortgage.

Some people seem to get locked in to one place they find, or a place a friend or family member is selling without really evaluating the available market.In a small town in East Texas I would think your biggest risk is a big player coming to town that can absolutely crush a smaller player. 

I think the biggest take away was the level of success possible (this guy’s home is worth ~$20m).   

However they are missing out on all the revenue a property can generate.

Change all lighting to LEDTo increase revenue: 1.

Direct bookings results in higher revenue.  

They're not huge revenue drivers but guests appreciate them during rainy days or quiet evenings.