Last year in addition to my regular real estate transactions as a real estate agent, I bought and flipped a SFR.

I know that many of the leading sites mentioned above may reasonably be expected to eventually experience defaults from their borrowers.Therefore, consider a scenario such as this on any of the real-estate debt crowdfunding sites: - The borrower pays regularly for 9 months, but then defaults.- Default interest rate of, say, 25% kicks in thereafter- Loan remains unpaid for the following, say,  18 months before the crowdfunding site is finally is able to foreclose and sell the property but the Property can only be sold with enough cushion to repay investors' principal and only a little extra interest, but not all.  

Here's why:(1) You get to be a homeowner, with all the privileges and responsibilities that entails, and you get to learn about homeownership and maintenance without having to worry about pleasing (or not) and dealing with tenants.(2) Getting qualified for a loan as an owner/occupier is much easier and requires less down payment than buying investment property, and, as long and you follow the IRS guidelines, any profit you make when you sell may be tax free.(3) You have the option of buying a home that needs some work (generally cheaper, but also in high demand in this market) and putting in some sweat equity while you live there and/or getting roommates who pay YOU the rent (which is kind of like having tenants, only a little more intrusive).I wouldn't recommend investing in another city (like San Antonio) unless or until you know the other city pretty well, you don't mind traveling there on a regular basis, and you have a bit of your own homeownwrship experience under your belt.I'd be happy to discuss further anytime.

("I'll order pizza and we can wash some walls" sounds like a nice date night, right?)

You should post this in the regular.  

If you only see tenants during your regular inspections you have a perfect tenant.

Tracking all income and expenses on everything you are responsible for and review them regularly so you can hopefully reduce expenses and increase income.By the way, I'm now 60 years old and quite opinionated.  

You need to take your car, jet ski to the car wash.

Then each of our Consulting firms will show a $25k profit, and our Flipping LLC will have around $0 in profit.This is good because our Consulting firms are S-Corps, which will alleviate our taxes (compared to regular LLCs).

As for what the house needs, it needs a new kitchen and appliances, remodel 2 bathrooms, new lighting throughout, new hard wood throughout, a lot of wall paper needs to come down and repaint entire interior, carpet the basement and reinstall new drop ceiling in basement, power wash house and refinish outside deck.