If you get, say, 10 properties before you're 30, and each property gets a rental income of $1000/month before PITI and other expenses, when you're 60, you'll no longer have Principle or interest, and can just collect fat checks.

The saying "Pigs get fat, hogs get slaughtered" really applies here; I offered a deal on a place and came up to my maximum all-in, and they wouldn't come down $2500 to make the deal.

Labor costs are huge.If I don't see a big fat margin of 30+% then I am not going to touch it on a flip property.

Someone mentioned that it may be time to start cutting off the fat and focusing on the ones that are more promising, and coming back to the others later.

So charge a big fat fee for your trouble in advance.

You’ll find that being an agent is a job for them which is for most but they only see the big fat check in the front end.

Steve I have one of eachMy daughter got a 4 year degree from Davis and is now semi senior management at Intel knocking down some fat checks.My son is a GC and is building 3 homes for me right now.. but he cut his teeth doing small rehabs for us.. then trained himself to be one heck of a finish carpenter to now he can build them as the GC from ground up. 

I just think of that old idiom: pigs get fat, hogs get slaughtered. 

Thanks Jon, I actually fat fingered that 10% down so there's a correction I need to make. 

But that's also what makes it such a fat target for a claim of basis shifting.