This means that they allow me to get more money as the jobs reaches different stages.

I'm about the same stage of my real estate investing as you (although I have a principle place of residence already).Hope you continue learning and enjoy BP.

But I have to start slow with one or two and see if I even like this venture.I am in the closing stages of my first property and have low-ball offers on a few more.

Overall, I think the house turned out very nice and I'm right on budget - with the exception of the last stage of the kitchen - painting the cabinets.

From boom to rust and back to boom, Milwaukee is fueled by transforming industries that are retooling the city to compete on a global stage.

On the other had, if you are really talking about an HVAC or central air system, then the cost is likely far in excess of any de minimis rule and you will end up depreciating. 

Their fees are excessive (8.5% management, $13.75 for EACH service call and separate hourly and materials fees). 

Another advantage of a pile foundation is that the structure can be built so that only the piles are in contact with the soil and the swelling and shrinkage of the clay will not affect the structure.So to answer your question on when a foundation is too bad to fix... watch out for poorly constructed concrete foundation and CMU walls with excessive vertical and horizontal cracks, doors and windows that do not open or shut...

I have 8 flips in various stages of the process right now but my business model is a little different than yours.

At Sharon's prompting I am also looking keenly at wholesaling while I am in this early stage.