Equity in a property is actually buying cash flow which is not the same thing as a property that is generating positive cash flow.Investors trick themselves into believing they have positive cash flow by throwing cash at a investment.

If you are flipping you can start in a couple different waysOption 1: base ARV off comps, not all multifamilies are created equal and depending on the area and particularly the condition this could lead you astrayOption 2: base ARV off cap rates which will need to be determined after rehab, and then price accordingly.

Plenty of wealth generation in flipping homes and much faster than buy and hold. 

The income the properties generate is insignificant.

Title company probably called and got the current water balance but the bill had not been generated as of closing.I agree you should review the numbers to confirm but I don't see what the problem is.

Get a co-signer. ( probably not possible with my family )Any advice or leads on good brokers and agents, especially via Skype or phone, would be greatly appreciated. 

The new generation of TICs put the investors into an LLC which then invests in the TIC.

I'll keep at it, one day at a time, and I believe this action step can help me get ahead and possibly speed up the process that leads to success. 

I'll spare you the details, but the houses generate enough rent in the first 12 months or less to cover the purchase price. 

I have enough buyer leads but I'm stuck on attracting sellers.