Don't get stuck in the analysis paralysis phase, it's no fun and you don't learn as much :) 

I thought it would be fun to start a thread where we can share our craziest fix-and-flip stories, biggest "oops" moments, and the golden nuggets of wisdom we've picked up along the way.

Not fun, expensive lesson, but "woo hoo" you got a subto.Who trained you? 

Hey @Pat Aboukhaled I was a fun night!

NEVER borrow from a 401K, you are taking pre-taxed dollars and paying it back with after tax dollars, you do not get to return the loan with pre taxed dollars, in addition, some 401K plans do charge interest and maybe even fees, and lastly if you get laid off for some reason, it is a distribution with all the "fun consequences: tax at the last dollar rate, and if you are under 59.5 there is also the additional 10% penalty.Personally I like the HELOC, however you can also sell stocks and do tax harvesting there to offset gains if that is an option

Here’s a fun way to think about getting your spouse on board: focus on what not to do.Don’t talk about REI every single day.Too much can be overwhelming.

The 2nd group can often be spotted via the credit report, and they are a lot less fun to host (late payments, asking for concessions, demanding, etc.)

OTH is fun to fly into even on United.   

Not fun for anyone. 

Pic for fun.