And last but not least, the banks will fight tooth and nail when a borrower is seeking a full accounting.

., Joey was using a nail gun on the kitchen subfloor.

If you nail your first 1-3 flips, your trajectory is SIGNIFICANTLY different than someone who stumbles on one or more of their first 1-3, like us.This is certainly not meant to take anything away from those who succeed. 

Meeting critical dates is the key to nailing a successful closing.

@Christopher MorrisYou hit the nail on the head.The “retire on real estate cash flow” gurus sell the dream of quick retirement from cash flow.Buy two houses a year that each cash flow $1000 a month and retire in 5 years, they preach.Or invest passively in real estate syndications and financial freedom will soon be yours, they promise.What they don’t tell you is:In order to owner enough real estate to generate say $10,000 a month income let’s say, you need at least $2M of capital invested in YES cash flowing real estate.Let’s say one could buy rental real estate that provides a 6% annual cash on cash return.

@Ashish Acharya: You hit the nail on its head !!

But, when you combine all the potential lost income and damages, I will definitely be the losing party since there's a cap on small claims.

., and I still love Cook County because I have a solid team and underwrite deals properly.I think @Paul De Luca nailed it on the head, though - it seems like you are quite risk-adverse, so maybe given your risk tolerance, it's not the best idea, but if it were me, I would not think twice about it, and find a rock start property manager who knows exactly how to vet tenants.

You hit right on the nail.

You nailed it with the traveling work crews.