For instance, would you take a 6% return on a house that has a 90% chance of good appreciation or do you want a 12% return on a house that has a 25% chance of good appreciation? 

Could I take the chance and not insure the property for the 3 months that I will own it??

While working for him, I always wanted to be the guy who came by just to check and see if the job was done, and made the bulk of the money.When I finally felt I had a chance to be that investor, I read everything on the internet I could find about flipping houses.

I had a chance to sit down over New Year’s and calculate what I spent and what I got and thought I would share with you.

I figured my chances were slim because I knew it was extremely small but BP hasn't failed me yet so I had to try.

My name is Cristian and I live in Montreal, Canada where we currently have awesome -20C weather (I think that's like -4F)So a little about me - I started being interested in real estate investing after reading the Rich Dad, Poor Dad book which resulted in me going to one of their free seminars that resulted in going to the paid 3 day weekend that then resulted in taking their advanced training which I recently got refunded because I wasn't satisfied at allI then learned about a new program with ************* which I am currently following and seems ok for nowMy main issue is that I am full of a lot of book knowledge but close to zero real world experience short of calling a few agents, home owners and so on.I was let go from my job on October 10th because of budget cuts and have decided to go full time investor since thenI am ready to do whatever it takes to make this work because my mindset is already changed and going back to a job is now my ultimate last resort that barely has a shred of interest tied to itMy immediate goal is to buy myself more time - I am ultimately looking to replace my ex job income by the end of 2014 and then some - but for now I'm simply looking to close a few deals to buy more time financially speakingThat's it for me for now - hope to get a chance to speak to a lot of you and soak up all the information that I can while building some great relationships along the way :DCheers

It doesn't mean they will and there is always a chance they could come after you.

:Framing Contingency - 70% chance of $5000Permitting Contingency - 50% of $1000Other Contingencies - 50% of $4000Nearly every old construction house has wood rot issues ... predictably bathroom room floors by the toilet, kitchen floor by the sink, and roof decking ~5%.

That usually gives you the best chance for success.No legal advice.

Any chance of getting the up front money from a relative, or borrowing on your personal home?