Over the years we have borrowed against the property to buy out three sets of partners, to buy other investment properties, and to live on in the lean economic years.

However on the state website under terms of sale section there is the statement below.Im trying to figure out what they mean. is it saying that the purchaser is not responsible for any leans or mortgages on the property?

While the comps were all decent, he conveniently left out the comps that didn't support the sale price we needed.

His contractor has the SKU numbers conveniently filed at Home Depot for easy ordering, pickup, and payment.

Aesthetically and if everything else was equal, I'd lean towards a rental but if the numbers work it could be a flip.

Of course they do rise and fall over time but when it happens your not really surprised, and your not caught leaning the wrong way.

Right now I’m at a cross road and based on the information I’m receiving I’m leaning towards the flipping route with my eyes open for any possible MF deals that comes available.

I'm still leaning towards 10-15 year loans and breaking even or 100-200 positive cash flow rather than 30 year loan and 500-600 positive cash flow.

GFCI's are convenient because they have a faster trip time and are more sensitive than circuit breakers, they will cut the power to themselves in the event of a fault, not the entire circuit.So, you had a tripped GFCI, however the circuit was still live, so all the active wires in the wall had 110v present, touch a ground and the amps start flowing, the fault tripped the breaker and all the power went out.

I'm just starting out, but I'm leaning towards the flipping route.