With a goal and a plan in place, then one can work efficiently and effectively in taking steps of action.

All of that money is going toward repairs and improvements on those homes.

But I worry a bit that all the transaction costs (time and money) in finding and buying the house on the front end, and and selling the house on the backend, with accompanying paperwork/legal/etc, would eat up so much margin as to make it difficult to make real money on the rehab itself (i.e. improving a run down property back up to 'market' value).For those doing 1 & 4 (straight flipping or rehabbing and flipping), how do you find properties priced low enough, and sell them high enough, holding down your costs all the while, to make a decent profit?

Please keep making suggestions for the improvement of the site.

I can tell anyone who cares to listen firsthand that when someone wants to rip you off, and you didn't do better due dilligence up front, and didn't take steps to protect yourself your best bet is to get over it and move on.The worst part about that whole deal is to stay wallowing in all that bad energy.

Now you do need to find creative ways for your work to be most efficient, but it still comes down to work.

see what you need to do in order to improve your investment analysis skills.

yeah Emanuel is making the transition from agent to investor, he is very smart and in over all he doesn't let his ego take the best of him as it is with my brother, the most important thing to learn is selling, yes I am very aware of what I need to improve in order to make an excellent agent.entrepreneur?

I completely agree with you that one SFH with a cash flow of $1,200 per year ($100 per month) is not likely to greatly improve your standard of living.

Now, if there are other legal ways for me to improve my tax situation, of course that would be nice but with only 2 properties at this point, it hasn't been worth my effort to really investigate.Obviously I'm not even close to a CPA or a Lawyer but would gladly take free advice on how to save myself a few bucks...