For our second STR, we are currently researching Sherman, potentially / ideally, a less expensive duplex that we could rennovate and self manage from Dallas with workers coming to the area in mind. 

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

> PMWere you suggesting that we should self-manage? 

So, it's not like Scott had devised some extra default prone strategy to troll gullible fools, while making all his money teaching noobs to self-destruct.

I am self employed but want to build a spec home using the equity in my house as collateral.

The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.

@Hector Escobar Watch out for the forum moderators...they'll probably say this is self promotion and/or advertisement and it should be posted on in the Classifieds section.

It's a part of my self directed IRA.

I am currently self employed as a GC with my own company: Carolina Premier Homes.

Hopefully they will get caught and never steal peoples money againHi Sandy,I’m out $20K+ because of them, and as a self-employed single Mum of two teenaged girls, this is a huge blow.