In the long run, the hauling is no fun at all, and I'm convinced we're losing money on it, but it makes sense to start replacing with used if a new tenant with a questionable past in rentals moves in and stuff starts breaking right and left.

The flippers are big time players, doing 100 houses a year (that's 2 houses a week).

The most successful preforeclosure investors I've met largely focus on being there at the end, when the owner has exhausted all their options and is truly about to lose their home.

This way if it goes south you walk away and lose less money.

If you have a mortgage at 4.5% you are either losing money from the property every month or through inflation.

As long as you’re willing to lose the deal over it, ask away.

That's a newbie who is losing and will probably like to cut their losses.

But Dave loses his mind when he states never use credit for anything.

Is it worth losing a little money each month to live in a nice house that we actually own as opposed to renting?

I know I can lose my butt quick with reckless loans like that, the whole point is to make money after all, not pay it all in interest to a loan shark.