There was a time when you could purchase any home, do minor painting and turn it around 30 days later making a heafty profit. In case you hadn't noticed, those days are over. Does that mean that you cannot make a profit in Real Estate investment? Not necessarily, but it means that you will need to make informed decisions that make sound financial sense. Read the rest of the story at How to have a successful WNY Real Estate Flip 04/21/2008