Everyone needs to take note on the comment of the DCR falling and calling the loan due.To translate for new investors, that means if you go out and do 6 or 8 deals after you got a loan, then your ability to pay appears to be in doubt, or, if your project falls off due to vacancies, maybe a long rehab did that, you loan could be called due.Which is why it's important to build banking relationships with more than one lender. :)

Then they have you pay a bill for them in cash only to find out that the CC was counterfeit.A common one was an out of the country person transferring her car back to USA.

.)- Listened to 102 total BP podcasts (slowly working my way through them all)- Read UBG to wholesaling and several other forum threads / blog posts (Jerry / Michael Quarles are favorite two resources so far)Things I still need to do:- Send out first batch of letters- Finish website- As deals come in, find ways to automate / streamline lead sourcing and tracking- Improve ability to estimate rehab costs (my two rental properties were bought out of REO and cash flow nicely but needed <$5k of rehab each, so have not experience a  major reno yet)- Practice call script, objection handling etc.. to be better prepared for speaking with potential sellersI would greatly appreciate any insights from the seasoned vets out there.

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

While a street MBA is incredibly valuable, I think the ability to experiment within the confines of an academic institution as well as the ideas that you are exposed to really shifts your perspective.

This way we can not only look at the deal for you but also help check and grow your own ability to fully analyze a deal.Ryan

You have no real advantage, other than Maybe the ability to inspect, but that's likely to put your preservation guy business at risk.  

With the ability to have more equity in on the property/properties it reduces the risk, but still gives you the advantage to make more deals happen without depleting all your capital. 

However, I am concerned that the arrangement is stifling my personal growth and money making ability.  

The flip income counts as ordinary income.If you have rentals here in Seattle, you need to make sure that flipping doesn't put you in a "dealer" status that affects your ability to 1031 or receive capital gain treatment on your rentals.