Yes, I do realize each individual deal has its own risks no matter how good the builder is.

I realize this time factor is very important.Thanks for the replies.

One bite at a time, but we are getting closer.Okay, for starters. this has been a comedy of errors, trials and a few "oh what have a gotten my self into's"Errors:Thinking I could work faster than my skill set - nope did not happenThinking I could demo a house in a week... by myselfThinking that only two spots of termites in the inspection report would not be that bad.understanding how to get me, myself and I to work as a teamTrialsThe realization that this was actually a to the studs remodel.Getting the professionals on schedule (mine that is) from the dumpster being delivered 7 days after purchase date, the roof being off schedule by 3 weeks (time vs Price). to my plumber and electrician becoming very ill and dropping out for three weeks and not having the $10,000 plus dollars in the extra budget to hire this work done it was going to take (I would rather just pay an extra note payment).  

But either way we still get to realize this benefit at some point in ownership.

Sorry, I just re-read Mark's first post and realized that the trust deed income is not eligible on Schedule E, so it can't be offset against losses reported on that form.

But I know short cutting really won't get my far and I realize I'll have to really do my own targeted marketing.

He realizes that if he doesn't sell the house, he will be stuck here and can’t move back home.

Hi @Tanya Jayakom ,I realize that your post is from Seven month ago, But was just wandering if you have had any luck or any deals as yet,and just how is your experience so far going in REI?

The problem is, the more I ponder this strategy, the more I realize that if I find a good deal for fix and flip, that deal would also probably make a excellent deal for a rehab and rent.

We all realize that investing in real estate is the path to wealth when done properly!