I flip with cash, not loans, mainly because there are not enough deals out there that meet my highly selective acquisition criteria, so no need to pay interest on cash otherwise sitting in a money market account. 

30 - How high will the ceilings be?

I would get a high quality sleeper sofa.

If your income is high enough that you won't qualify for financial aid (or you've saved enough in 529s) then it won't matter.

They are multiple factors that go into the rate though (such as how high is the loan to value, type of property, credit, to name a few). 

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

When I was first starting out, I would walk the property by myself and try to come up with a highest budget possible and make sure I was taking into consideration the high ticket items like Roof, foundation, HVAC, HWT, etc. 

I would like Lawrence or areas that are starting to increase in value but not as high currently. 

I have high equity in my current duplex so planning on using that to fund down payment for the next property.  

Scottsdale is a great place to live, no doubt, but from a flipping standpoint, the higher buy-in costs can make it harder to see strong returns.On the renovation side, a lot of investors in Phoenix are focusing on modern, open-concept designs with high-end but cost-effective finishes.