Owning a lot of cheap properties with crappy tenants is a great way to lose money.

In 2023 we bought our first single family fixer upper, we bought it cheap with cash in an area about 2 hours from our current home.

Cheap projects, decent appreciation. 

Also, even on a fixed 30Y with no extra payments, you’re still paying down SOME principal (maybe like 5k in Y1 in this scenario).Although it’s nice to have the liquidity of 1L the heloc, I believe 2nd liens are still pretty cheap and fast to close.

Dirt cheap bandit signs around town about 150 placed and dotted around local zip codes with hot spots of interest/traffic.3.

Each lead-generating process has its pros and cons; door-knocking takes a lot of time, and you may not be speaking with the owner of the house, but you get to talk to people face to face, and it is relatively cheap (you should have a flyer or packet). 

Landscaping and Pest control seem cheap to me, but not knowing location, there's no way to actually know. 

If you are paying a lower than current market interest rate then don't pay it down because your debt service is cheap.

Out of state wholesaler couldn't sell it for very cheap.

My question is to people who has flipped houses or know how it works, assuiming I get a house that needs some work in order to make money and resell i have to renovate it nicely but I dont have any skills nor knowledge how to do remodel and I would have to get contractors to do it for me and they are not cheap at that point i would get contractors to do everything and will i make any profit after selling the hosue?