If you been in the real estate investing business, or more specifically been flipping real estate, for more than a few days, you've inevitably gotten an email that reads something like this: "Investor's Dream. This property will go QUICK. Property Address: 1234 Main Street Asking Price: $100,000 (Add or subtract zeros!) After Repair Value: $150,000 Repairs: $15,000 Profit: $35,000 Details: Needs paint, carpet, tile, new kitchen, update bathroom, some roof damage. Tenant

You come home from a long day at work and while channel surfing, you come across a show in which guys are buying run-down houses, fixing them up and reselling them for huge profits before the first mortgage payment is due. Wow. What's more, they claim they make as much money on this one house as you have in the last year. They don't look or sound any smarter than you are and they're raking in the cash. You start crunching numbers and before you know it, you're thinking about