Just like a life-cycle fund, the entire American economy found itself naturally rearranging itself around this group of young workers.  

It turns out to be very risky when you know something can go wrong once you start construction or it can sit on the market much longer than anticipated, so after all is said and done that $50k could turn to only $10k fairly easily.  

Purchase a house in an area zoned R2 that is easily split into a duplex.

That house would easily be worth 350k and I will own it outright.

So in fact, the property that the newbie budgeted $10k for a light rehab, could very easily cost $40k+ once you add in a new roof, electrical & HVAC and the hundred other items missed in their light rehab budget.So as a new house flipper you need to educate yourself on how to truly inspect properties and create an itemized scope of work of every single repair that needs to happen on the property. 

If I was an agent I could easily get this information, since all of my past RE agents I have worked with here in Las Vegas have easily been able to gather all information and current rates and numbers for me.

I have a really good spreadsheet I could share with you just in case you decide you'd rather spend that time polishing up some other skill that's not as easily automated.

If you borrow a total of 450K you will have a completely turnkey property that will rent out easily. 

Microbiral growth, no big deal just clean it with bleach.5) Low water pressure bathrooms - Again...this goes back to getting a proper Well Yield test. 6) Wires w/o conduits, hard to say without seeing it. 7) Outlets w/o grounds....to be expected in certain aged homes and can easily be identified visually without an inspector in most cases.8) Fogging windows - obviously can be seen visually, no inspector needed to tell this.

Still a good investment in my book, but not as easily scaleable. - You’ll max out your conventional mortgages around property 5-7 (depending on your income), and you can only have 10 conventional mortgages.