Really, it can just be waiting until there is a better reward/risk profile in the market. ;) Travel, start a business, smoke a j, maybe all 3 lol.

Hello My Fellow BP Members I am still new and love this site its the best on the internet and offline, I would like to upgrade to pro and also add my picture to my profile and would like to know if I can send a check to BP to upgrade ?

A good tool to utilize is excel, you can evaluate a cash flow in minutes.Monthly payment is =PMT(intrate,term,principle) it would look like=PMT(5%/12,180,100000) This is $100,000 at 5% term of 15 years.Then place your estimated occupancy rate, insurance, taxes, an allotment for improvements down the road into a pivot table to automatically subtract.

Changing the carpet out of the years is cosmetic repair/improvement and not required to bring it up to current codes.

Once I own the property, the focus is on what can I do to improve the cash flow from the property?  

I recommend: pass, until your own funding availability is much improved.

My husband and I are interested in getting into flipping too improve ourselves those around us.

My career in home improvement and repair began in 1973 while working for a home improvement company as a door to door canvasser, then I enrolled thru the UAW connected Trade Union Leadership Conferences into building trades training at Cass Tech, learning house wiring and framing.

You will find a wealth of information here.I recommend doing the following things.Complete your profile with a background about yourself and your real estate goals.

Check out my profile or in the Community tab, then under networking events, Real Estate Group of San Antonio.