Unless you have an edge over others, the car has already been priced to 'be fixed up.' Nevermind that at least a third of used cars are for sale because they ar

Unless you have an edge over others, the car has already been priced to 'be fixed up.' Nevermind that at least a third of used cars are for sale because they are 'upside down' in repairs. I.e. they are worth less than a mechanic would charge to fix it. If you can outdiagnose, source cheaper parts, and not value your time, you can make a reliable profit. Number one tip: know your niche and stick to it. Pick a single model/generation/platform and dive deep. Forums exist for every car, boat, tractor, and hot air baloon made. The common issues, fixes, and prices will already be in your mind when you evaluate one to buy. Money pits are always just things you don't know well enough to make sound financial decisions about.