Anyone who turn a consistent profit on their first few flips is WAY ahead of the game -- not only are they building a successful foundation for long-term investing, but they're making money doing it.While I would disagree with his decision to do any of the work on the project himself to save money, and while I'm not a fan of flat-fee listings, it sounds like Danny had a good grasp of the numbers on this one, and if it sells where he thinks it will, he'll have a very decent payday.That's more than I can say about my first flip, which earned about $3000 over 3 years of holding (it was an unintended rental for quite a while)...

The key is consistency.

Please see guidelines from FNMA website:-The financed property limit applies to the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s);applies to the total number of properties financed, not to the number of mortgages on the property or the number of mortgages sold to Fannie Mae;includes the borrower’s principal residence if it is financed; andis cumulative for all borrowers (though jointly financed properties are only counted once).The following property types are not subject to these limitations, even if the borrower is personally obligated on a mortgage on the property: commercial real estate,multifamily property consisting of more than four units,ownership in a timeshare,ownership of a vacant lot (residential or commercial), orownership of a manufactured home on a leasehold estate not titled as real property (chattel lien on the home).I would say from my experience if your property is zoned residential, whether its in llc or corp, you have always opportunity to refinance as conventional loan so that will be count in  your 10 finance property. 

Activities that consist primarily of breeding, training, showing, or racing horses are presumed carried on for profit if they produced a profit in at least 2 of the last 7 tax years, including the current year.

Just never give up, be consistent at whatever it is you chose to do.

I’m looking forward to using this platform to post, read advice, gain and share knowledge.

Crowdfunding Platforms FeesThe fees are high today given the fact that there are limited platforms in the market.

Exactly what Lamar said: Consistency.

My value to the deal would have been the repositioning of the park from a mediocre asset to one that cash flows reliably and consistently, paperwork, evictions, and all other such clerical work.

5. i was SO beat down (along w/some very poor herd mentality investments in other things) that i am now committing @Will Barnard 's other mistake of spending 4yrs - currently in 2nd year - of wanting/planning to get back on the horse before really doing it (again). 6. working backwards from goal to action steps and committing each day or regular period time per week towards attainment of that goal - while consistently networking... working on that now... :) 7. and lastly... knowing the numbers, the market, the area, and the numbers - practical and on paper.