(just thinking out loud) The banks get no payment from too many people not paying their mortgages and have to invent and enforce all kinds of fees to stay afloat.

@Wayne Brooks and @Bill Exeter covered that wonderfully.I recommend utilizing a corporation for your flipping endeavors and LLCs or your personal name for Rentals.Insurance is very important in both cases.

It was mostly due to the fact that it was one of the most cost and time effective real estate endeavors for me due to me being a college student and having limited funds.

Will definitely be cautious and look into other endeavors out there as well!

We appreciate your participation in our town and hope to continue to bring you value...those of us who are local will endeavor to help develop Toledo into a friendly place to live and grow.Andrew R FidlerVice President, PINOwner, Realtor, Property Manager

I've been transitioning out of my previous business endeavors for the past 2 years. 

Good luck in your endeavors!

Your first investment will be a learning experience, and with careful planning and a strategic approach, it can set a strong foundation for your future real estate endeavors.

@Vana G.Thank you for starting this interesting post and many well wishes to you on your REI endeavors.

My father and I are partners in this endeavor.