I feel like I keep watching videos but don’t take actionStop watching the videos.

I don't think the LVP will feel right with carpet underneath and it's not a sound installation practice to have that buffer layer there.

Things will happen that you haven’t anticipated and then it’s nice to have a little buffer.

Future deals should include a 10-15% buffer for unexpected rehab costs.- You should consider some other lenders.

That experience taught me to always overestimate CapEx and vacancy buffers... it’s much easier to sleep at night when you’ve got those cushions in place.From what I’ve read in Bloomberg, these challenges aren’t unique, especially with rising rates.

It also gives them a bit of a buffer if there are delays with their new place closing. 

I think they contain solid information and will help lay a good foundation as a beginner (Haha, I'm completely new to real estate as well, btw)I'm also going to be reading the following books, and hopefully I can finish all by the end of this month:1) The ABCs of Property Management2) The Advanced Guide to Real Estate Investing3) Long-Distance Real Estate Investing How to Buy, Rehab, and Manage Out-of-State Rental Properties (this might be the most important one to me personally)4) The Book on Investing in Real Estate with No (and Low) Money DownIn addition to reading, I'm consuming crazy amounts of youtube videos, and I'recommend you do this as well.

Hey @Chi Lo - I actually have a video on my YouTube page about this (lookup ClosedByMo on YouTube).Regarding walls being damp and waterproofed, it means there needs to be waterproofing on the basement retainer walls (this is something you can do post-construction and the contractors would need to dig around the house exposing the basement/foundation to apply the waterproofing). 

His videos are definitions that you can find on Google or the dictionary.  

Ensure your flip profits exceed the LOC costs, maintain a financial buffer, and compare it to private or hard money loans.