Be sure to have a financial cushion for those.

If you still are, please get me on your list of potential buyers - I'm always looking for a rehab/flip deal if you can get it with enough cushion...Best of luck!!

I would like to have some cushion there in case anything goes wrong.

Do you think 30 days is enough of a cushion?

If you know these things, and can leave yourself a cushion, then you may or may not need that rule.

No one can mitigate all risk, but I would rather have a chance at being wealthy earlier in life using debt (its what the FED does, and no matter what you think about it, or how you think it is going to end, if they flame out, I could care less if you own you property free and clear we are all in deep doo doo).If you use debt to no more than 70-75% LTV, in todays market, we could still have a correction and you would have an equity cushion.

Calculate your expenses per month, and figure out how many properties would be required to cover those and then have a little cushion.

I'd use the money after unsecured debts are paid as a cushion and get a hard money loan if you want to flip.

Each member would contribute $15K($45K total) to the LLC to cover the 20-25% down payment that would be needed for the complete project plus some additional cushion for future debt service.

With the way CA real estate is climbing, there should be a nice equity cushion in 2 years and I can sell then.