So working with hard/private money can, at times, produce just as fast a closing as a cash purchase.

Hey guys, wanted some second thoughts on this.My direct mail produced a call from a woman wanting to sell an absentee property of hers.

The IRS generally wants businesses who are producing inventory (flipping is producing inventory and holding that inventory for sale through the ordinary course of your business) to use the accrual method of accounting.

(I also happily admit that the view from rooftop Glenmore Hotel in the Rocks is one of my favourite vistas in the world.)As someone who was trying to remotely manage a few things from Sydney while I lived there, I do encourage you to be cautious.

At that point we bowed out of the program.When the tenants moved out (with no written notice of course..and no rent for that month) they claimed no damages,  ignoring the 24 bags of garbage, the three broken appliances, the broken furniture and the unplugged but still half filled chest freezer (gag) of food they left behind (poor people tend to save EVERYTHING even broken stuff).The irony of these poor folks with their adult daughters who appeared to produce children with anyone they dated and no one seemed to question six grand children with six different last names is that mom and dad were supposedly very active in their church. 

Other factors play into this of course, but when I can buy something for $4,000 that will produce a $200 month cash flow for me, basically for the next 20-30 years, I will buy that every time.

The broker lets the top producers in the office charge 4.5 or 5 percent.  

I've used @Max Tanenbaum's trick to rock ceilings by myself.  

As mentioned above, you could look at the financing (or even ways to increase cash flow like raising rents or self management).But the sf in some markets just lacks the economy of scale to produce strong positive cash flow of, say, a duplex, triplex or fourplex (try those numbers in your area)... 

Excellent cash flow producing 4plex with GARAGES!