The only difference is that there might be an explainable rationale for holding on to a property, such as a well-founded belief that equity gains are coming (such as owning a house in a rapidly growing area or property where the next commercial boom is headed), whereas with gambling your odds never change regardless of your losses.

There will be competitors in your market that offer viable housing options, so how do you capture these valuable contracts?

@Kelly Flippincan you start with a house hack or live in flip? 

Rent Reporting Service to credit bureaus for the debt is effective and simple, pro is low cost, set and forget and high success rates, con is while you can report all unpaid rent you can't report damages unless they are quantified by an order from a landlord tenant board or small claims court.

Location/Listing Price Problem:I have a house that will be renovated and flipped for sale.

They are refusing to provide a hourly rate and number of hours it took for the apartment cleaning because it is contracted at a flat fee.

In the process of trying to find houses to flip, newer to the scene and very motivated.

Hey Alex,My name is Jagjit, and just like you I'm new to both RE investing and Biggerpockets.My plan is to start with multifamilies and I've talked to a couple of RE agents so far, and the conclusion I have is, in this high Interest rate market, its very difficult to find a cash-flow positive deal. 

My next step is purchasing my first multifamily property in Tampa, Florida, which will include tenants, as a house hack.

We bought a duplex as a house hack, preceded by a handful of other SFH's in our neighborhood.