How to Flip Houses

Editor's note: As a special feature for April, TheStreet.com offers a 20-part series on virtually everything about real estate. This installment is part 17.

The state of the housing market is about as predictable as my 4-year-old daughter. Some days it's all good, some days it seems like it just comes crashing down.

Still, many wealthy people will tell you that real estate is the way to make millions. And that regardless of its ebbs and flows, real estate always has way of correcting itself.

But all the latest statistics show that home sales are down, prices are down, and, as a result, homeowners' confidence is down too. ...