When you are putting your numbers together for a fix/flip include the maximum cost for your financing, and don't try to skimp on those numbers.

Good thing I was not skimping on keeping the extra cashflow for a rainy day.

I know, as @Brandon Turner says, this is not an area you want to skimp on, but how much should we conservatively carry on a SFR?

You can save money buying from consignment shops, but don't skimp on quality or use a dirty mattress you find on the side of the road.

Liability insurance is cheap enough it's not worth skimping on.

Honesty and good faith go a long way in this business so don't skimp on it.

And there are good deals and bad deals today.If you have sound buying fundamentals, -- buy at a wholesale price-- never speculate-- create appreciation through value-add improvements-- buy for cash flow-- obtain favorable financing terms-- stick to workforce housing areas-- don't skimp on due diligence-- stress your underwriting-- have multiple exit strategies...If you think you're limited on deals & capital.. you will be.. regardless of what's happening in the marketplace.If you think there are great deals & lots of money out there.. that's what you'll find.. regardless of what's happening in the marketplace.Scarcity mindset tells people to "wait & see" & "play it safe".What does that even mean??

If you are wondering whether or not to provide sheets and towels, I wonder what else you may be skimping on and not realize it. 

Don't over leverage, and don't skimp. if you are forced to sell you are doomed.

The first time I listened to the program, I thought he really skimped on details, but then I listened a few more times and thought it was great.