You need little to nothing down to buy your first owner occupy that you can build sweat equity in and "house-hack".

It takes more sweat equity but works for lower volume.

Don't sweat the owner not accepting your bid there is a chance the person who offered them 40 (If that was a true offer) didn't know how to bid on the property. 20k margin on a fire damaged house that only has a 60k ARV is pretty tight.

Partnering with another investor on a property for the long term allows you to learn while being paid.Let me know if there is anything else I can do to help.I'm not too sure I'm interested in the sweat equity in real estate, I was rarely at the property for this flip and was mostly just the partner with capital.

(Seller financing,Partnerships, Syndication, Sweat Equity etc)  I'd recommend ALL of these before a 100% hard money loan that destroys you in fees and fine print..

After purchase I can live on-site, managing contractors and putting in sweat equity 24/7…taking breaks to visit local breweries of course JFUNDING: $70K cash available.

grand blood sweat tears and sticking their necks out . 

For others getting started they don’t have the capital and need to build sweat equity or want to use their time to maximize their cash on cash return.

Even with the sweat equity, once refinanced, I can't see even breaking even every month. 

As it becomes riskier for flippers to buy in, it will sweat some flippers out of the market because of higher risk.