There is a wealth of information and support available throughout the site.  

It's very time consuming to flip your first ones and time is of the essence.  

I don't really want to do a 1031 transfer because I will want to be able to pay my grandfather back his investment then use the proceeds to start another project without needing an investment support the next time...

As for the question about oil prices, I would agree with @Richard Spooner that Houston will not suffer this downturn as much as it did in the 80's due to so much more diversity in the types of industry that are now supporting the region.

My DTI (debt to income) ratio would not support a higher purchase point.4.  

Thanks for the quick responses and great support, BiggerPockets is proving to be a great community!

If you do, and if you never lost your keys and she didn't lose keys then the facts don't support a need to change the locks.

We are constantly going on calls where we have to troubleshoot error codes by calling the Tech Support lines that are only moderately helpful.Now, in about five years, I think tankless heaters will be pretty much everywhere and will have most of the kinks worked out.

The ARV is pegged at $1,200,000 supported by nearby comps.I'm currently underwriting a 4bd 5ba luxury home that is approximately 3,000 sf in a Southern California affluent inland neighborhood in Los Angeles County.

Then I start listening and reading and learning and all these possibilities that I had never considered before, such as looking in my own back yard, financing options, etc.I also run (well, inherited and I'm keeping it on life support) a blog about vacant nuisance properties in DC.