In each situation, we calculate how much it would cost to hire out versus do it ourselves (counting any cost of  extra time it might take for us to do it- usually not much, we are pretty fast).

He played fast and loose with the numbers (I'm being polite) and a lot of what he said was more fantasy than reality.Anyway, YES, it is too much for a beginner to start with a million dollar apartment building.

Even though laminiate is probably more durable, not to mention cheaper, I need to sell fast and want to appeal to more buyers.

The deal is as follows.Purchase price 15kARV 42K4bd/1ba16k in repairs if I retail it10k in repairs if I rent it.I am also working on a commercial property deal 2.3 acres in a fast growing area on a main highway buyer wants 1.3 million.

I look back at it wondering what my hangup was, but it was very real.That goes away pretty fast, though.

So let's say I moved to a new city and I wanted to do a couple flips there and do them fast, how would I get subs immediately?

It was super easy and super fast.

Then I set an interest rate that is high enough to encourage my buyer to clean up theri credit and cash me out as fast as they can.  

They are a good company though.Venmo has pretty fast payouts, is free if using ACH or debit (3% fee to renter if using CC), and also has a good API.Half my tenants still use their own ePayment, and I'm fine with that, as long as I don't get charged fees.

It can be profitable but can put you out of the game fast.