If you have 60k equity and 10k cash, slow down and remember this - you need 15k for reserves for a new property and you should always only use half of your equity which would leave you with 15k for downpayment and 10k cash for renovation.

Two weeks later I stopped by the unit (was passing by and decided to take a look) and found that someone was using the shower and leaving food and clothes in the house with visible intent to return.

If you don't know the process you leave yourself very vunerable.

The tenant isn't stupid and knows he owes the rent, so he will probably pack up and leave before the court hearing.

I'm in the process of completing my first BRRRR and though I know the money is sitting there in equity, it's hard to watch the money leave my account!

The reason I say off market is because most seasoned real estate investors do not want to buy someone else's investment flip and if the property is a deal such as the ones you are looking for, it will likely sell quickly, which leaves you with the leftover inventory unless you're ready to make a quick decision every time.

I was more aggressive with stocks when I was younger, but now leave half(ish) in index funds and then use the other half for real estate investing.

I have a MTR guest that has stop paying and refusing to leave even after I sent him a demand for payment or leave the property.

If you need to leave in less than a year, you need a really good reasonbecause Fannie/Freddie/FHA/VA and other secondary market makers don't like foryou to get owner occupied loans and then not stay in the property.

If I want to buy something I leave it in my shopping cart for days before buying it.