When I went to resale a year or two or three down the road, it's likely I'd need to do another major rehab, which is likely to cost more than the cash flow I've achieved in that time.

Keep in mind that a real inspection and a real evaluation of the soils could cost in the range of 2-3K pretty easily and often take two to three weeks to complete.I would make the inspection period even longer.

In 2012 I acquired three rental properties.

I have been renting to three roommates for three years; their rent paying all payments and expenses.

We might have been a bit aggressive with a $135K asking price for three weeks.

The best paint color is one that pulls a common tone from all three.

In all of the states I've worked in (as an assessor) there have been three steps: (1) an informal request for review of the assessment to the local assessor; (2) an formal appeal to a local appeal board; and (3) a formal appeal to circuit court, tax tribunal, or state revenue commission.

The result was that I was only doing two or three flips a year.

I tell them I'll stop over with cash, three guys and in two hours or less the mobile home is headed down the road with us and is out of their life.

Impressive.Walk through the neighborhood, at least a three block radius.