If you can be successful at even a handful of flips per year, you would be in a position to potentially add that extra property per year to your portfolio.I think this is a great strategy to start out with.

Here are my thoughts, coming from a complete novice:You've just acquired a $190k asset for next to nothing, and it has positive cash flow with a long term tenant already in place.

You need to be in a position to actually buy if it comes down to it and it can come down to it. :)

Interestingly enough I'd argue we're in a similar position today for the same reason: out of control military spending. 1/6 of our spending is on "national defense."

Stay positive and consistent in your marketing.

But the positives have totally out weighed any negatives.

Please offer any positive or negative constructive criticism you may have!

Honestly, I'd suggest you start replying to every real estate related part-time position on Craigslist and line up a job there so you can quit your current job.

-----------------------------------------------------------------------As you can probably tell, I like a highly leveraged, cash-flow positive type of investment.

Now let me say a couple positive things.