As long as you monitor your expenses and keep a positive attitude to keep plugging away, that is key. 

In my newbie opinion, at least in the areas that I monitor, in order for a flipper to make good returns now, the MLS retail price of homes will need to continue to appreciate another 15-20% within the next 12 months.

When it's time to sell, doing the rehab/cleanup, etc.. is a pain when you are depending on some third party to do it, and monitor the work.#2  Passive vs. active.  

And then after pulling the trigger, again be it Buffet monitoring the firm to see if he wants to pull out, or one of our BPers taking care of their property, this is also "work."

Will monitor  this thread because I could be in the same boat or I may use mine to buy outright or use it to buy a few.  

I would make sure you button up the sale docs and ensure that you are not only secured on the sale but make sure that your docs give you an opportunity to monitor the continued conditions of the building.  

., contact me via PM and I'll send you the url to our meetup group or just browse to meetup dot com and search for "seattle note investing" or add the path /Seattle-Note-Investing/ to the main meetup urlApparently the BP monitors consider posting a url to an educational meetup to be advertising so they removed my last post.

Other  programs like Section 8 are more involved and you would not need to participate in that program for your rentals unless you want to, it requires quite a bit of monitoring.

I have people make detailed video of properties before making offers and plan on using my contact to monitor contractors during the rehab on one of the properties remotely.

This will add the asset to your dashboard where you’ll be able to monitor properties for sold status, current bid status, and if they were bounced back.