Then I transfer "permanent" items into the new one; tax and insurance papers, paid bills for "capital" improvements etc.

Well at least she got a lot of practice writing offers.

All Cash, I understand that your method is solid and sound, but I am just not sure how practical it is for the majority of newbie investors.Mine is just another perspective.

I also took several other real estate classes, but I didn't get near the practical information as I did from the law of contracts class.I have no recommendations on rehab (fix up and resell) strategies for books/courses/websites except to look through the forum for ideas and insights.

How would having an additional software program improve my life or my business?

I've actually rented to someone who declared bankruptcy in the past (they told me about it before I saw it on their credit report), and they'd been working on improving their credit since then -- turned out to be a fine tenant.

Practice your techniques and be persistent.

All of that money is going toward repairs and improvements on those homes.

But I worry a bit that all the transaction costs (time and money) in finding and buying the house on the front end, and and selling the house on the backend, with accompanying paperwork/legal/etc, would eat up so much margin as to make it difficult to make real money on the rehab itself (i.e. improving a run down property back up to 'market' value).For those doing 1 & 4 (straight flipping or rehabbing and flipping), how do you find properties priced low enough, and sell them high enough, holding down your costs all the while, to make a decent profit?

I plan on giving them a shot just to "practice" so I can know a good deal when I see it.