Network with wholesalers, check public records, and use platforms like PropStream or DealMachine to find distressed properties.Be Cautious: Pay attention to permits, inspections, and local market trends—over-improving for the area could hurt your profits.Starting with a solid plan and realistic numbers will set you up for success.

If your role is critical to the project's success, aim closer to 50-50.

What I can say is I recently did a home inspection on a property which uncovered a lead inlet pipe into the house. 

The only way you're going to know about the cause one way or the other is to have a plumber inspect and troubleshoot.

I don't want to waste your money on inspection, option money, and appraisal money, just to find out the house doesn't qualify for FHA, so I do my best to keep you out of those situations. 

Even at a blended 13% rate, the after tax yield on these higher risk notes was closer to 7.5%, as I work full time and earn good W2 and other investment income.

I was lucky enough to find a property just a few blocks from my TK purchase that was in excellent condition, fully tenanted with two units, passed the inspection with flying colors and is grossing close to the 2% rule.

This was my first property, and while it's been a great learning experience, I made several mistakes along the way—ranging from choosing a realtor who was more focused on closing the deal than finding the right house, to having a poor inspection and overlooking issues hidden beneath the surface (literally).

Inspection Results: Mostly small issues, inspector was mainly concerned with multiple cracks throughout the siding.

If it says on the website they pay $1,500 for X number of bedrooms, they probably pay closer to $1,150 once they account for the utilities.