I bought my first house at 23 and basically lived in and fixed it up over 7 years.

However, if I talk to them and they don't fix it or they actively avoid me, the next month I mail and post on their door the same letter with the appropriate eviction or termination notice with the opportunity to cure the problem.

In fact, either copied a "mentor's" model (btw, this mentor has no background in underwriting) or paid some Internet guy $100 to download their underwriting model i.e.

Fix and Flip Investor?

You can lower those appliance costs by waiting for sales or buying floor models.

The other day, he figured out how to fix the door handle by himself. 

On the other side of the coin we have been thinking of fix and flips but with no experience and a sort of apprehension to high interest loans and rehab costs, we wonder if this is even a good route for us.

Ideally we wouldn’t buy if it didn’t cash flow in the first place so I’m picking nice round numbers just for simplicity.Loan is 240K 30 yr. fixed at 4.3%Monthly payments are 1,500 Rental income 2,000Cash flow is 500/monthIf we use the cash flow to pay down the mortgage faster we can pay down the mortgage in ~ 17 years and save nearly 80K in interest paid on that loan.

As to renting, the current financial model from a re-fi some years ago provides a negative cash flow.

You can also do a standard cash out refinance which will have a fixed rate.