This was pretty standard rehab.

Just take what you get for free, which is an Airbnb listing, and just put the best most spectacular pictures you possibly can on there and after you’ve done that, go back and look at your listing and try to think of ways to make those pictures even betterI think that’s pretty much the formula to success in this industry.

This broker now sends me "deals" pretty often, because I have performed for him twice now.

I just got one in pretty great shape for 50 percent ARV, but I want my numbers in a spreadsheet to see where I can put some luxury into it or if I should do just the bare minimum throughout.

I think it is also pretty weird that at a lot of auctions if we see a "newby" ready to bid on the "wrong" thing, several people will warn them. 

I found my second phone on Facebook Marketplace pretty cheaply for $60.

To be able to dispose of assets when we want, to be able to sell easily (single-family homes are pretty easy to sell compared to apartment buildings), and to know that we are in control of our destiny, is worth a lot to me.Also, we can get 18 more mortgages between my wife and me before we have to worry about running out of government-subsidized financing, and hundreds of thousands in future investments before we have to worry about scale.

So...in order to access the equity built up to replace a roof or whatever would require a cashout refi which sounds pretty bad if that is what I must plan on from the beginning.

You can do 10 pretty easy on your own.  

In Ohio you can find a lot of single family in the $100-200k range or 2-4 units in the $150-400k range that do pretty well cash flow.