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.

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.

However, options can probably be used to flip properties for smaller profits and less risk on a more continuous basis.Purchasing properties (hopefully) cheap, keeping them in inventory, and selling for profit when the opportunity arises is much more difficult.  

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

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). 

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

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

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? 

Don,  great points as usual from my cheap seats what I see coming down the pike and have personally experienced over the years in Sub to is this new crop of Guru pitching this form of acquiring real estate..