As others have stated, flips can be very time consuming and things will not go exactly according to plan. 

Switching software a year or two from now will be very time consuming and expensive so it's best to do your research up front and make an educated decision rather than asking a bunch of strangers on a forum. ;)

It would be awfully time consuming to investigate these companies for you.

Now with the states making harder with license requirements, hassles of filing foreclosure in judicial states, stipulations on contacting borrowers, statue of limitations since last payment or maturity of the notes, I am much happier doing the business loans to landlords, and working on investor relations for 16 geriatric behavioral health hospitals, and lender relations for a company buying pools of low balance consumer notes in the single digit range and bringing them lenders who also want to clip coupons and not deal with all the hassles of mortgage notes. 

News and World Report, the global authority in rankings and consumer advice, recently named Fort Myers as the #1 place to retire in 2020!

That quickly becomes an expensive and time consuming endeavor trying to do that for 20+ people (not sure how many tenants you have, but assuming you're requiring this of all of them, you don't want to bite off that much; even if you're building it into the rent because then you have to address that slight rent increase).

As for utilizing the lease option strategy on the tenant end, an option to buy for a certIn period of time will fall under Dodd Frank guidelines, and may be regulated by the Consumer Financial Protection Bureau.

Yes a hard, time consuming, job.

It worked every time but was time consuming for me. 

I am not at $200k, but at 55 I think I can achieve $15k per month from all sources and have zero consumer debt and zero residence mortgage worth around $545k.