I think your advice may be the very best way to increase the capital I have at my disposal, but I will likely just stick to saving half of my income and trying to be patient if my only options are between flipping and saving... but who knows!

Your best defense is to identify issues as or before they occur and be in a position to dispose of that inventory and replace it, hopefully with an early growth phase property.Market rents can significantly change in 5 years.

We attempted running a space heater under the sink(next to the dishswasher, where the drain line arrives to feed the water into the garbage disposal, but even after a few hours of that, we ran the dishwasher and it failed to drain?

ARV is what the market value of a property after all the repairs, improvements and holding costs (including cost to acquire and dispose of the property) have been spent or accounted for, those together with your expected profits and/or your compensation for the brain damage is where you need to be buying the property.After Repair Value is the future expected market value with repairs/improvements made. :)

What about trim , wrapping the windows , caulk , any rotten wood , disposing of the old windows , thats an old house , there are probably lead paint issues ( need someone certified) Look at the whole picture , penny wise and dollar foolish is a common mistake .

After that let dry for 24 and sand nice and smooth for painting.All the sludge needs to be disposed according to law, which can get pretty expensive.

yeah I'm in the 3 day seminar right now, going into day 3 this morning on a one on one with the coach to lure me in to one of the 3 packages, 21K-51K cdn. ...but like the 2500 it cost me to come to this that they promised a tuition refund, they are also providing a tuition refund with this as well, so with the probability of 100% of the people paying 2500 to not make the requirements in order to receive the tuition refund, I see now how this is a get rich quick scheme for them yes, I do believe in everything they are teaching and that I do need a mentor and a coach, but not willing to drop 50K now that I don't have disposable

Suburban Disposal (http://www.suburbandisposal.com/residential_service.html).

Or they need a new garbage disposal when they have jammed it with a rock.The majority of my tenant repair calls, I get there and there is nothing to repair: like the tenant who called to say the fridge blew up and wouldn't work.

But, oh, how times have changed.You have two incredible gifts at your disposal: time; and access to more resources and knowledge than any individual in all of history.As my old high school coach used to say right before a game: "Boys, the biscuits are on the table."