P&G is one of the biggest companies in the country.

@Amanda Young -My biggest way to balance kids sports activities and investing right now is an iPad with a data plan for researching properties and addressing email during the time I wait at practices.

To put myself in your shoes, my two biggest concerns would be insurance covering my house in the event that an electrical fire occurred as a result and potential mold/mildew issues as a result of the humidity.

Plus along the way got listing that sold in a week and made 15k all legally ... and probably the biggest is just the networking with other RE professionals instead of being on an island.. and of course MLS at your home computer that is invaluable in todays highly competitive market...

The biggest risk for contractor is most likely the cost of materials.  

Now that you've completed this flip,would you buy another house in the west end and what was your biggest challenge with this flip?

Of course, the biggest variables, vacancy and maintenance, cannot really be predicted with any accuracy until one has owned the property for a few years, or has a similar property nearby to gauge by.  

The biggest thing you need to think about is how are you going to manage it when you leave.

Would anyone think it is a good idea to invest in new town-homes near a casino?

I went with Mass Mutual which is one of the biggest companies out there (around $500 billion in assets).