We just need to be smart in how we invest (at any point in the cycle).

Being someone who has always compartmentalize my finances I was wondering if it was smart to pretend I was my own renter and pay myself monthly into a reserve, mainly the CapEx and Repairs percentage that I would apply to an investment property.

@Lily Styler I agree with @Diana Muresan thats a smart call, but also network at your local MF meetups and events and ask the same question get references.

It can also be expensive.I use Smart Property Systems which is property management software. 

Take smart, prudent action instead.

We live in very dangerous times actually, but people are not really smart enough to stop for a second and consider that.

I agree.To add to this, think about how much knowledge you can accumulate if you can lose money on as many deals as possible in the beginning.Driving without a license isn't smart.

Might be smart to head to HUD yourself and let them know what's going on.

now they just use it as an up-sale to get you to try and replace capacitors that have not gone bad or talk you into a new fan motor or convince you that you’re heat exchanger has pin holes so they can change it out.With that being said, there are still lots of good / smart / and ethical HVAC guys that can really provide and old school tune up and perhaps they can chime in but the newer larger companies just try to up-sell you on unneeded parts and “repairs”Tip: change your filters.

I am financing my first flip with my own money. I took out a Loan on my 401k and paying myself 6.5 interest. I also took out a Heloc on my home at 4.5 interest. I also have a 14 month zero interest Credit card to buy ...