Now what will you do when you lose money on a flip ? 

Find the property that makes you the most money in either location.

For example a 5 acre lot is not worht 5x a 1acre lot if it can only support one home.

I've found there are cheap all-wood flat pack cabs that are much better for similar money.

Lessons learned: 1) Do a more thorough tour of house before purchasing 2) Have more money saved Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If expenses are more then you lost money.

That should smell like money. 

This way i can put more money into the kitchen and bathrooms that will increase my property value.Hoping for some additional thoughts.

When they don't take advice and call it criticism or call us mean, what they are really doing is putting a light up into the sky for all of the gurus to come collect them and their money.

Can anyone offer some advice on private money lending?