I don’t encourage flipping from a distance. 

Hi @Patrick Fermo, Welcome to BP, I always encourage going out and meeting/networking with as many investors as you can.

I don't recall all the details around that.A couple questions/scenarios to confirm:1) They are wanting to pass the property on and have encouraged us to look for another place - they would like to transfer their ownership to us, which I assume means gifting.

Encouraging your unsupervised exposure to the listing broker is only putting you in harms way. 

Thanks for the encouragement!

This isn't always the case, so I would encourage you to talk to your lender about this before moving forward.One strategy I see many clients use to hold onto favorable rates is by implementing land trusts into the equation.

I would encourage young people to jump at opportunities when they can, whatever those opportunities may be.

My wife and I have been aggressively paying down our debt as well and we are hoping to finish it off while we are investing in real estate.I would encourage you to go ahead and start attending the Triad REIA lunch meetings.

I'm not saying you shouldn't use your own cash, just encouraging you to look at it from all angles. 

That's encouraging for me.