We also do a walk through, set expectations for maintenance, filters, lawn, garbage and go over the function of GFCI's, shut off locations (water, power, gas).

As with any type of investment, investors should list the estimated costs to calculate their potential profit.Costs to consider on fix-and-flipsRepairs (always be conservative)Carrying costs (interest, points)Monthly costs (utilities, HOAs, insurance, taxes)Buying costs (back taxes, cash for keys, liens, code violations)Selling costs (commissions, closing costs, transfer fees, title insurance)Unexpected costs (add $5,000 to be safe)These are the basic costs investors should consider.

Cash flow is not its main power.

Also, try to budget for unexpected repairs, as REOs can sometimes have more wear and tear than anticipated.

Inflation steadily erodes the purchasing power of a fixed sum.

Quote from @Warren Powers: @Marc Rice The best Real Estate Agents have trusted contacts who can get inspection items taken care of.

Public sentiment is powerful and negativity certainly garners more likes, clicks and ad revenue that positive stores.

Power trip in a forum?

They’re great and have about 50 employees... plenty of fire power to handle multiple jobs

I am in a similar situation to you in that I am in a 100% commission sales job and the number of deductions and the whittling away of your effective tax rate is very powerful once you can wrap your head around the numbers and the big picture.