My dad has transitioned into devoting all of his time to real estate investing as well and is working on a few projects which inspired me to take action as well.Through the local REI group and the connections I was introduced to there, the BP podcast, blog posts, and ultimate guide, as well as the occasional fatherly guidance I pulled off a goal I wanted to reach before I turned 21.

It is also helpful if you have a friend or relative that could drive by your place occasionally, just to keep an eye on things.

That model gets examined, and occasionally revised, on a daily basis.

Seller financing is generally is fairly rare in a hot market and occasionally available in a bad market.

This isn’t some far-off municipal entity occasionally fining you, it’s your neighbors!

Then rent it out for market rates.Chances are that if you can absorb the cost of the occasional repair like a water heater through your regular income, in 15 years you're going to have a nice net worth gain over what you would have done if you didn't jump into real estate.If it was much more dangerous than that, everyone would be losing their houses.Opinions?

Not saying I don't have the occasional day when I do dream of quitting it but for the most part I get to earn a steady paycheck while ploughing money into my investments (property and otherwise).

I'll still show an investor occasionally but it's the same story. 

But even the best experienced flippers can have an occasional failure.  

I occasionally enjoy doing certain aspects of the renovation myself but never have paid myself the equivalent wage associated with these different parts of the project.