There is also currently a new 4 BR septic being installed, and there is also an in-law apartment downstairs.I estimated repairs at $20,000 by experience I've had in the past doing construction and home improvement and I can also probably do 90% of the work myself unless there are plumbing,electrical, foundation or other major issues beyond my skill set.I used zillow's comp tool to give me an estimate of what the house is worth and zillow says $365,933, which seems a bit crazy to me but who knows.

The majority of investors who lost everything must have pulled equity out if the inflated properties to buy more.

It seems that the majority of homes in upcoming neighborhoods that would make a potentially good flips are competitively priced to what homes post flip are.

You can use a line of credit to perform a majority of the rehab and then pay it off once you refinance.

@Justin Greenwood@Mike DymskiMike: Yep, I don't understand how people can "Sweat the Small Stuff" which is the monthly cash flow versus paying attention to the major Cash Flows, which are the purchase price and the Selling Price, the 2 biggest factors in your ROI.

@Jessica McCoy If you know the tenant's command you can try calling and speaking with the Sergeant Major or Executive Officer.

When I send a wire from a bank, it's always a big production and the wire can be delayed for several hours.

Inspection was great, nothing major, reseal windows, etc...I have about $25k in savings, will need $6 for closing if I can't get seller to pay those.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

I was just discussing this with @Jason Bott today and he mentioned a product called REI Guard.