Just in time to save a but load of taxes when I sell my current duplex (owner occupied). 

The money from the hard money lender was not going to be available in time to meet the seller's deadline (I'd already paid him $500 for a two-week extension), so I cashed in my IRA and borrowed money from my parents to buy the house.

However, it would come in handy in times where you want MLS access...writing blind offers, pulling comps, listing your flips.Bottom line, you just need to weigh out the pros and cons. :)Good luck!!!

Once this outstanding receivable goes beyond a certain point in time (days overdue) it is moved into "bad debts" and eventually, if it remains uncollected, will be written off.This is how we handle delinquencies. 

It can cost you more in time and treasure than expected.  2.  

All will come in time and hard work.

honestly, your questions indicate you are NOT ready yet. you gotta read more. there are some really basic things you are not getting. also, it sounds like you don't have much money.flipping is...hard. even when property values aren't so massively appreciated like they are now. so much has to go right. you need to know your market very intimately, know your costs to a tee, and have plenty of time to coordinate trades.when people like yourself show interest in flipping in this area, it makes me worried that we are in a bubble....only difference from last time is that you very likely can't GET financing now.

The timeframe for a rehab should is short enough that you shouldn't have to worry about paying back the loan in time, and you sure can't beat paying interest to yourself!

anything you install over it will telegraph the crack right through in time until fixed.  

Be pleasant and professional as if you were renting to them for the first time (you are).