>>I used it to screen potential tenants and I mainly texted w/ most applicants. 

But I usually sit in the 20x20 room off the kitchen watching the sunrise & lamenting the 1.5 hour drive I once did for a 9-5 JOB.

Watching your mortgage payments get paid by someone else is always a good motivator (becoming a landlord brings its own challenges, but it's one of the easier strategies to explain).I wish you the best!

I'm currently watching several of there projects to see how they sell.

After 2 years of owning it, not only has it generated a steady stream of positive cash flow, but we have applicants bending over backwards to rent it out, and it has increased in value by $200K!  

We only been to one meeting so far but I've been watching some of the videos and using the Facebook page.  

Straight out of high school I served in the military and then spent the past 10 years working in IT.I have finally reached a point where I’m tired of working for the corporate industry on a limited salary while doing nothing for my retirement.For the past year I’ve been watching house flipping shows and decided I wanted to give it a try.Six months ago I bought my first house with a 203k loan that I’m currently living in so I could get some experience.I paid $167,500 for the house and took out $35,000 with the 203k.The house was a probate that had been abandoned for 5 years.Half the house was on a concrete slab that had sunk about 4” in the middle and it was completely outdated.We removed 2 load bearing walls to open up the kitchen, knocked out the back wall, built a new subfloor, and put up a 4 panel sliding glass door to let in some sun light.We installed porcelain tile in the kitchen, stainless steel appliances, new cabinets and quartz counters as well as recessed lighting.We fixed the foundation problems by mudjacking to raise the floors and carpeted the back 3 rooms that sat on top of the slab.As you can imagine we ran through the $35,000 quickly.The 2 bathrooms are still outdated and the house needs new siding.After the renovation we had it reappraised (per the 203k loan agreement) and they said it was worth $215,000.About 3 months after the renovation I attended a 3 day Fortune Builders seminar and come to a realization I probably could have saved about $20,000 if I had systems and processes to follow before I purchased the house.After listening to BP podcasts and hear other people’s experiences I’m quite fortunate I didn’t lose money.This sums up my real estate investing experience.

I'm pretty certain that the epoxy manufacturer has something to say about that and in what applications their product is suitable.The moisture is possibly vapor (since you didn't mention any flooding), so being trapped by the epoxy floor, it formed bubbles and collected as water.  

If you are not local or do not get a good property manager, it will be hard to watch over it properly.You asked for pitfalls.

I love watching the market every morning and seeing what new is out there.