Building a portfolio of 20 properties in 1 year is like driving a race car as soon as one learns driving.

I believe in a balanced between cash flow and appreciation potential Cashflow pays for diapers first, then it pays for a new car, a nice home or for for travelling the world.

Originally posted by @Cara Lonsdale:I am not aware of any waiting period in between FHA loans, UNLESS you have a delinquent situation like a bankruptcy or foreclosure.In fact, FHA will even allow you to carry multiple FHA loans under certain circumstances like a growing family, a relocation, or co-signing for a family member. 

Thanks @Cara Lonsdale! 

@Kristin Caras Thanks and I'm glad to see more members from Delaware!

I currently commute 5 days a week about 64 miles round trip and spend about 2.5 hours in my car a day.

Your tenants make enough to have a decent car, a cell phone, a bank account, etc.

@ Cara Lonsdale thank you for your response.

If he doesn't pay it will come out of his deposit.My mistake was: Engaging in the show down, making the comment about his car as it is irrelevant to the contract and showing that I was irritated, which was his goal.

Originally posted by @Cara Lonsdale:You just want a ball park, and I can give you that.In general, I categorize flips 3 ways; lipstick on a pig, light rehab, and full gutLipstick on a Pig - $2K-$6K - This could be as little as giving the property a GOOD cleaning, to repainting, replacing some light fixtures and ceiling fans, buying new appliances for the kitchen, and cleaning up the landscaping.