The actual payment stream goes to someone else.The Harsh reality is, the Hard Money lender WILL make more than you if you break even or lose. 

You’ve had more drama in a coupe, years with 1 unit than I’ve had in 20 years with a dozen units.

I don't say this to be harsh towards you but to help others reading along, so that they don't fall prey to lawyers that overcharge for unneeded services.

The borrower, still clinging to the hope of salvaging the project, fails to acknowledge the harsh reality: their profit and equity have evaporated.

VRBO's punishments are more harsh (they suspend the listing for 7 days on first offense, Airbnb does not), and VRBO is less lenient in waiving them (Airbnb will waive them on sale of home at least for now, VRBO will not).Airbnb is no friend of hosts but VRBO is not much better these days. 

Please, forget the "shortcut" (see lazy) approach to analysis and just learn how to actually analyze.I'm sure this may come across as being a bit harsh, if it does I apologize, but I think this needs to be stated in the most forceful way. 

The harsh reality is this: sometimes you lose money on flips - along with every other Real Estate or Business strategy....

Focus on singles—solid, low-drama assets with decent equity and stable tenants.

I don't think that happens without one two things; a harsh hit in the economy or a light hit in the economy + 10 year screaming.

(and really anyone else who wants to contribute ;)We’ve all been there: standing under the harsh lights of a big box store, trying to decide between the trendy tile and the safe paint color, just hoping it doesn't make too many waves and ultimately contributes to the bottom line.