Listening to the BP podcasts have a tremendous amount of information to learn from so many different people and their experiences that often give encouragement to those just getting started and for experienced investors too. 

You WILL get a very nice discount. 

This may cost some money, but it shields you from being personally responsible, and you will still be able to take advantage of great rates.If you plan on rehabbing the 2 bedroom SFH, it's important to determine accurate rehab costs, and ensuring you get the property for a significant discount.

You need discounted properties + you need cash buyers.Why ever said you need to pick ONLY one and then do the other.If you knwo what you need to do, and you do...Just do it all!

.), and think there’s a tremendous opportunity to open one that offers great service to the rapidly aging population of baby-boomers looking for this type of support.

When flipping using the brrrr strategy should you get your contractor License so when time to buy material you can purchase them your self with the contractors discount at Lowe’s and Home Depot for cheap?

Get a quote or two from comparable companies, I assumed allstate would be expensive when I got a quote from them but the discounts I received on my personal property more than made up for any higher prices they had on my rentals. 

From what we've seen pricing software pays for itself within a single night.If you are concerned about the cost though I do have a discount code for Price Labs on our website home-havens.com that will get you a little better deal.

There are two different formulas for analyzing rehabs or wholesale deals, the 70% Rule or the Max Purchase Price Formula.70% RuleThe 70% Rule is a quick rule of thumb that can be used to quickly analyze a rehab deal or wholesale deal by applying a 30% discount to the ARV (less repairs).Rehabber's MPP = (ARV * 70%) - Repairs Wholesalers MAO = Rehabber's MPP - Wholesale ProfitThe 70% Rule discounts the property's ARV by 30% to account for your Fixed Costs & Profit.The 30% discount roughly breaks down to 15% for the Fixed Costs & 15% for the Profit.So on a property with an ARV of $200,000 the 70% rule assumes there will likely be around $30k in Fixed Costs & the Rehabber will make $30k in profit.Max Purchase Price FormulaThe Maximum Purchase Formula is a more detailed, more accurate, but more time consuming approach to calculating the MPP.  

Yes, you want to find properties that you can purchase at a discount, but have you been working on the other aspects of your business?