Better to have your own cash ready or a partner who can bring in cash.

I'm interested in flipping, and short-term rentals at the moment to build good cash flow, then pivot into more of a buy-and-hold/appreciation play 10-15 years from now.

The lessons you learned the hard way in 2008 will be invaluable now, and it’s great that you’re aiming to stay small-scale and within your comfort zone of Sacramento, which gives you an advantage of knowledge in that market.Given your experience, I'd say start by focusing on three key areas to build confidence and minimize risks:Budget Control: Over-renovating was one of the big mistakes you mentioned.

There you can build up your skills even further and these jobs can pay a lot if you are producing great results.  

During a recent conversation, the following question came up:------------------------------------------------------------------------"The question is:You buy a 'new build' house.

A lot of buildings don't have a carrier willing to insure at all.

Honestly is better spent as a down payment on a second building. 

On my new builds we hit the double cash on cash in certain markets sometimes its only 50%.

Quote from @Joshua Tucker: What specific tax benefits can high net worth individuals receive from building real estate on tribal land?

"Diving into real estate as a newbie—ready to learn, connect, and turn knowledge into deals.