They are one of the main components in the changes we see in the housing industry, and will continue to be for years to come.

Needless to say I did not want to insult the owner, and let them know I wasn't able to make an offer.Fast forward a few weeks and I get a call stating that another flipper was offering them a low number, and continuously calling.

Cashflow is negative, but Total ROI is 25-30%, meaning this would be an appreciation play and would provide a nice roof over my head and some gratification of owning a nice home.My guess is that it's somewhere in between these two scenarios.I'd still continue investing in future buy & hold deals, but this would mean I'd probably have to take a year off to rebuild my savings.  

Is it time to "cash out" while the market is hot, or continue to hold these for cashflow? 

Hopefully taxes don't continue to increase but not exactly optimistic about it.

Once you get the first deal under your belt continue going and don't get lazy after the first deal some people will after they get that fat check of $2,000 or $15,000 check.

I do enjoy reading all the posts that are on BP and will continue to learn from all you seasoned investors!

Ok.....Year one of flips is coming to an end (kinda of...) and it started great and it continues to move in the right direction.....Now comes the really fun part of the business.....Rentals....Just like when we started, we knew nothing about flips and now know enough to be dangerous....Would love to have some input on things we should know, ask, etc as we move into our first rental property....Working on making an offer on our first as we speak and here is what I know so far...Property asking price: 129kType: DuplexAlready have tenants and recently signed new lease agreementWhat are some of the items we should look into or better yet, not miss as we go thru this transition.

I also play with projected expenses to see what the returns look like if expenses come in higher than expected.  

I'd like to continue speaking with you outside of this discussions and listen to some of your ideas.