The property, ideally is worth far more than what you paid, and if you've been extending your equity into other property, you're going to retire a rich person.

I have been listened to every BP podcast multiple times and nearly a bible's worth of notes I have taken, but have finally made the move to start purchasing more properties by extending offers and building relationships with local lenders. 

Maybe there is an extended warranty or replacement plan that will help to offset these costs in the future?  

My thought is I could re-invest some equity I have and make some income from without taking on the risk of buying to flip and be over extended.

He said that I am responsible for interior piping that will extend from the current meter location to the other side of the house.

Wells Fargo and JPMorgan Chase both extended credit lines to fix-and-flip lenders.

To wit, the last person that described the guru in-house private lending started by telling me the interest rate was 0%.I asked about fees, he said "origination" was $500 + 9%.I asked about balloon, he said full amount due within six months, or a 9% "convenience fee" must be paid again to extend another six months.That means the actual interest rate, annualized, is 18.XX%... so, for the guru/lender, CoC ROI is at least [ 18% + no tenants + no capex ].

One strategy I'm considering for our stay in FL since we will likely be there for such a short time (9-12 months, possible 3 years if my military orders are extended) is to buy a nice home that needs a little bit of work and prettying up - nothing too extensive of a rehab since we will need to live in it in a few months.

Don't over extend yourself, it's not worth it in my book. :)Happy investing! 

Wells Fargo and JPMorgan Chase extended credit lines to fix-and-flips lenders.