Since the burst of the house market bubble nearly a decade ago, many Americans around the country have seized the opportunity to invest in properties at lower prices in order to turn a profit. House flipping became a major trend around the nation as more people bought a cheap property, invested some money in home renovation projects, and successfully resold the house at a higher price. For every success story however, there is a cautionary tale as many would-be house flippers got stuck with a bad deal and ended up losing money on their investment. For those who think they…