That said, the one property I do still have a mortgage on is by FAR my highest cash-on-cash returning property but that's due to a confluence of factors that I can't necessarily replicate.

Find someone who is doing what you'd like to be doing (successfully) and replicate their actions.

It requires the ability to find good deals, build a team of excellent contractors, manage costs, etc, and to do it for a living you have to be able to replicate the process over and over again.

Even OJ Simpson, who visited my next-door neighbors home and replicated their rock pool, had his former residence dozed and leveled and a new structure built in its place (although no one is alleged to have died there).

I spent $800 the first time I did it, then I copied what the attorney did and replicated it 14 more times for nothing.If you contact the county recorder they may give you enough info on what the form looks like to do it yourself.

To replicate, you'll need a large volume of homes to purchase, political buy in, an experienced crew, a million dollar line of credit, and management experience to pull off a deal like that.

Less overall money, but easy to replicate with much less risk.

. - If you do get one flip where the profit was $500 per hour simply because you spent less time, but the net profit was say $20k, unless you can consistently replicate that every single work week hour, it does not matter.I have spent only 2 months (includes time from acquisition date to sold date) on a flip and made $35k, but have spent 6 months and made $220k.

No fancy strategy just good sense and basic math and replicate..

Most replicable advice I have read in..... maybe forever.Kudos.