It's also not uncommon to see 1-3 streets with super nice brick homes, then go a couple streets over and have crappy stick built homes right next to it.

If the cash flow isn't negative at this point, it's generally close to zero.That said, if I correctly estimate cap ex but am left with only, say, $20 bucks of cash flow per month (which is not uncommon here, given more conservative cap ex estimation), then that just means that I need exponentionally more units to both live off of AND pay for cash flow.

Since you know the costs you can see if the contractor is gouging you.You can also write into your materials contract that Contractor is allowed X% waste (5% to 8%) on indefinite quantity materials and X% mark-up (5% to 20% depending on complexity) for all materials.It is not uncommon for contractors to be able to purchase items cheaper than you can due their purchase volume.

I was a coach for a long time and I found that it is not uncommon for people to buy rental properties and have no idea what to do next, like you, so I wrote my book where everything is in one place and I could stop repeating myself!

Also, walking away from a paid off house is not uncommon.

For example, it's not uncommon to see smaller contractors make basically no profit (or even lose money) on a job because they were bad at estimating the labor hours. 

Lots of questions as this is not uncommon as people think.

hi mike, congrats on the move. it sounds like it was not easy. but hey, thats a good thing. you have proven that you have what it takes to make it in this business. you are willing to stick it out no matter what it takes. you got what it takes. that being said, don't have such a low opinion of home inspectors. i happen to be one. some are, lets say, less that enjoyable. its not uncommon to find two different guys with 2 different opinions just weeks apart. i am sure it was not an " altogether different list". they most likely found many similar things but one guy found more issues and one guy thought an issue was a big deal when the other didn't. thats normal. it sounds like you got a decent deal on the duplex. congrats. hopefully there is equity in the place that you can use in the future to buy more. my advice, go ahead and turn that storage space into an studio apartment. who cares what to call it. lets just call it a money maker.......lol. if you live near  a college or something, you could rent it out to a college student, or make it transitional housing by renting it to someone in a transition period of their life such as someone just moving into town for a new job, or someone who would otherwise rent in an extended stay hotel, or even a vacation rental sort of thing. there are all kinds of possibilities here. good luck to you

It is not uncommon for me to get an alert at 3Am and get up, research it and email an offer to the seller or even ring them.People are also used to me checking my phone a lot of an evening.I would say this is getting me an additional deal a week.So my question is am I a crazy flipaholic who needs to get a life or is this just what you need to do to succeed?

Not at all uncommon for a shared house to be sold.