Don't do the wrecking ball style that you see on TV.

When determining the right amount of leverage, what it really comes down to is your own risk tolerance, investment style and goals.

I just bought my first foreclosure in Nov 2014 and am learning all the wrong ways to do this (really!)! 

I can't predict the future either but good design and good taste never go out of style!

I also agree, and its because its my style, but I don't bring others along with me.

OK....so you found a great deal on a rehab...you KNOW you can do good on this one and get it for a great price.But here's the issue, there aren't any Up To Date Flips in the area.Yeah, there's been SIMILAR style Single Family 3/2 homes selling in the area...for X amount of money, but none of them have been renovated.How would YOU figure out the Comp/ARV?

For myself, I am tired of stooping over to get milk out of the fridge and for my back's sake will be replacing my freezer-on-top fridge with a side-by-side or french-door style.

Cape style homes have lots of rooms with knee walls (slanted walls). 

Will they be a good fit for the property and for your management style?

While turn-key properties match certain investment styles, you need to keep in mind that many people will say a property has great cashflow when they are trying to sell it.