It is just one tool, and can be used in combination with other strategies such as holding for rental and then cashing out.  

I also saw my property increase in value.

It is a great tool that you can use in the RE industry and it is the cheapest money you will ever get. 

Its hard for me to believe any true investor would past this up and if they did either they do not know what they were doing or they arent investors at all.So the 70% rule definitely has a place in flipping but it is not the ultimate determination of a deal. along side a few other considerations the 70% rule is a great tool, but like all tools they are only valuable when the are used correctly

I did not own tools in any serious fashion (a screwdriver and hammer do not count), and could not make any basic repairs.  

Later you can use your own when you have built your Roth/IRA as well as private and bank money.But do these things and you will be on a solid path and of course you will need to find your own way and make those mostly minor and occasionally major adjustments of your own - as well as use BP as a great tool to learn and move forward.Good luck!

It's simply a tool in the toolkit.

They dont' need a device if they are going to take only inbound calls, you can just forward the calls to their local cell phone using online vonage tools.

California property will always go up in value (in most cases).Good luck

This is a cash or terms business.One tool is not enough.Situation - Free and clear pretty house ---> installment sale - private mortgage, low down, buy and hold or resell.Situation - no equity pretty house ---> sub2 or wrap or lease option assignment, exit rent out or lease 2 own or resellSituation - 20% equity pretty house ---> list it if licensed, sub2 plus noteSituation - 40% equity ugly house ---> wholesale flip or JV and buy it or JV with the seller (buy sub2 + note, own it, jv agreement, improve it with private money, list it, resell it, pay off former owner and private lender, make JV fee of 5% +)There are other tools but that is enough to get a strain on your brain. :)And just because you understand those tools, does nt mean you can persuade the seller to use one of them.Cash or terms.