If you're buying property to produce rental earnings, your search will differ than if you're searching for a fixer up to flip. Both options will include their own issues that need to be included in your decision-making process. Take renting for starters. Ward of Equitable Advisors states financiers expecting to get a stable circulation of month-to-month income have to brace for the unanticipated.Or an expensive repair might drain all your cost savings. A fix-and-flip comes with its own set of dangers, and paying too much for a home is a huge one. As is underestimating the expenses of repair work or demand for the house. In either case you go, Palomino says it's best to start little and to discover from your errors.