Sorry, I'm obviously new to the game and just want to make sure I'm more clear in future posts.

I also do not have any debt and like you mentioned, I'm looking for cashflow properties so that one day I can retire early and comfortably without relying on my 401k (as an example).I'm looking to buy my first (or maybe first 2) RE properties in the near future but I'm trying to learn as much as I can, find the best strategy that works for me, and build it up from there!

There is also now snap/click vinyl planking as well, a little more expensive but faster to lay without the glue mess.Not sure on the pricing without seeing what needs to be done and you certainly dont want to replace the mess you have now with a future mess. ( same material )  As @Jaron Walling ceramic is another great option but going to cost you quite a bit more upfront.  

I would be curious to see what your plans are, I think the Logan Heights area will be the path of progress in the future. 

@Doug DanoffWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

Who here has invested with an online currency and is it the future of flipping?

Either way -- I suggest you read the individual leases (not just one as they may be substantially different) to see how you can be in a position to get rid of the chronically past due if needed as well as frame for a future need of getting rid of the gentleman who is "getting back on his feet" in the event that he stumbles again.Good luck!

But their ultimate goal is to get a paying tenant - whether it's the current person or a future person - and the auctions do not usually bring a profit....the winning amount usually goes towards the amount delinquent. 

Most markets across the nation have seen climbing prices and it simply can't be sustained forever. 

Planning to join some local meetups in the near future, hoping to also start building my "Core Four" in other areas.