This is okay if you're doing just one and need cash in short term, but keep in mind you won't be getting mortgage prices. 

If you are planning to rehab to resell and the money will only be tied up a short time, cash is a great idea or you could look into a hard money loan, however those can be extremely expensive.

Don't sell yourself short, you seem to be doing ok already, you reached out here!

I see long-term buy and hold as a wealth building tool (albeit slow), while flips provide a tidy sum (if successful) in a short time. 

There's is nothing to be upset about here especially since it was a short sale.

The seller wanted to sue the investor/realtor for assigning the home to someone who ended up causing $15k damage, and the buyer wanted to sue the investor/realtor for the $15k assignment fee they paid about a year before the deal fell apart, even though they failed in their obligation to the seller and trashed the house.Long story short, both the seller and the buyer's attorney's ended up threatening the managing broker of the investor with a lawsuit after they both tried "legally extorting" a collective $30k from the investor/realtor unsuccessfully, and the managing broker started to panic as well, which also had a negative impact on the investor/realtor too.So here's the moral of the story:1.

so in short find the hard money first

They may short cut the fix, leave things wet, and create an environment for mold. letting an unqualified person work on electrical can be a huge liability if they get hurt or burn the place down.

New investor question here:I have found a short sale that, after running the numbers, appears to be a good deal.

My plan is to speak with a CPA (which I will do shortly thanks to another BP member here for providing me a contact) to speak about this strategy but I wanted to present this to the community first.