Absolutely fantastic how simple you made it look in this article. Real estate could be a bugger, I was an MnE Engineer with a real estate company back in 2014, most property our clients purchased and we renovate always exceed ARV. Few of our clients run as a loss, I had no idea why they bought something and spend ridiculous amount fixing and improvising it, I think they were just "money missroads" that needs to take some of this articles highlights has lessons.
RE: ScaredyCatGuide Real Estate Investing: When Renovation Cost Is More Than Your Purchase Price