We would use 200K per year income as an initial goal between both of us to measure.I've been working on a model to try and forcast the amount of cash flow we would be making based primarily on assumptions around a cash-on-cash percentage.

They sell people more house than they can afford with large down payments, spend nothing to repair the property and the business model is such that they expect to foreclose on the house in a couple years to do it all over again.There is a loan servicing company in Houston (who i have talked to about this property) that will report the mortgage on their credit, to HELP the buyer build enough credit to REFI out in a couple years, I'm not in this business to tear people down, i want to build them up and help them.$95k asking price on a property in a slower moving neighborhood where a pool doesn't add as much value as most (but honestly did not include the pool in the ARV for this reason).

That was their business model and they made money doing it.

Darn it...if I may add that if you let someone you don’t know and have no idea if what they are telling you is correct or not, to do something which you end up doing and it is a disaster then you deserve what you get...Real estate investing isn’t a get rich quick business model...

I think our market is getting much better and I'm still in last year's mode, chasing the market up, always behind the curve.Just when I was doubting myself and my model, in the last 5 days I've gotten: 1 office building under contract, 1 HUD deal accepted, and 1 short sale accepted (in process for 5 months).

I would venture to say that MOST aspiring investors never actually invest, falling victim to permanent paralysis via "over-reading" and "under-doing".There are some folks in this forum who would happily provide some starting tips for wholesaling - enough to find and entry and take initial action.

Also if you are moving from place to place to claim you are the OO this does not seem like a very scale-able business model if you plan on growing.

Now I have a rough row to hoe, sell a home that was purchased for 40,000.00 more than one just across the street same model.

It would be much more helpful to others if you posted the brand (and ideally, model number) of the inferior 1/4 turn ball valves that you purchased.

No problem and I really hated having to put it that way, but to the point is easier than dancing around the bush.IMO, GCs really get out of their box aspiring to justify charges beyond the scope of their expertise, it's residential.