This is critical because you are not profitable until you have recovered your cost.As far as incentives for a PML goes, they make their money on the interest...the total interest. 

That said (and as Andy has pointed out), the critical part of house flipping is acquisition.

This is critical to pull off a successful BRRRR. 

Know how to take constructive criticism.

Hi Bailey,You're really tearing it up.It looks like a critical part of your success came from buying the 6 units while still in school.That's 20% down x 6 = 120% of the cost of house in cash (while in school).That's an impressive amount for a college kid to come up with so quickly?

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.

The important distinction is whether the auction is for either property taxes OR for a mtg foreclosure….as each one has different legal implications, ie. redemption periods, what mtgs/liens/judgments, etc remain with the property and the new owner verses which ones get wiped out.

I've finally started driving for dollars looking for deals and have had success with finding people that will let me wholesale there houses.. but i cant find investors in my area that are looking for deals in either the city limits or out on lake sam rayburn.. its hard not to get discouraged and just give up i have 4 houses to look at next week on top of the 3 that i already have under contract.. thank you for any advice or criticism that is given

If you have a high credit score, PMI should be cheaper and you should get a conventional loan.Also, another important distinction is that mortgage insurance never comes off of a Gov't loan. 

@Edgar SanabiaThe permitting & zoning is critical so def look into that and just reverse engineer from there.