I am interested in hearing success stories on growing a fix and flip business.  

Your expenses will only grow as you get married, buy a house, have kids, buy a bigger house, etc. 

I spent all Sunday afternoon showing properties, and yes as I planned my day I remembered to check the mileage, and get receipts.

Either they’re a official property management company which means they’re small and likely not capable of growing since the market is constrained; or they’re an individual who provides super/handyman support, which comes with administrative and people management burdens not worth the time investment.Btw- no offense to any wonderful zainseville property managers out there: the market just doesn’t pass my personal filters to be worth the time investment.Your situation may be different.

As my portfolio and equity base grows, I will then look to move towards the development of "Trophy Assets".

I'm glad to be joining this online community and look forward to contributing based on my limited, but growing, experience.

That is an interesting way to get it done though, I will remember that.

FHA approach is a solid solution allowing you to grow a portfolio right now with little money down.Issue is it must be owner occupied,however for how long I am uncertain.

Especially as his portfolio grows and he diversifies into multiple markets, it stops making sense to move around and manage all your own properties.

We'll cut to the chase, here's our dirt.The Facts: Ages 51/44, Married, w/10 yr. old childOne steady income 45KOne low income & fluctuating (self employed only 2 years but growing slowly)Living/ renting in NJ (Very expensive market, 2 family units sell over 500K)Fair amount of debt 37K (Car loan, 2 CC, Medical bills)Just getting by each monthCombined 401K's =  150KMy 401 (100K) can be transferred with no penalty to a self directed IRA (I had opened up last year in hopes of using some cash to invest in RE) We are determined to get into REI however we're probably going to need some creative ways to do it with our current situation.