Has Anyone Found Success after Starting with small $ & no income?

[Steven Harris]

Hi all,

I'm reading here on BiggerPockets and other places of how it is totally possible to start investing in RE doing fix & flips with no money down or very little AND without having current income. I think I might've read something about that in Rental Property Investing by @Brandon Turner, if not, I definitely read it somewhere here in BiggerPockets. 

My situation is that while I am still looking for work, I want to make the most of my excellent credit and the money that I have. I'm looking at various HML's trying to find one who best fit my needs and I'm looking for quick, cosmetic fixes that cost no more than $150k to buy and no more than $15k to fix up that'll have an arv in the $185-$200k range.

These numbers are based solely off of my own cash on hand. With the right HML obviously I could look for slightly more expensive fixers and have a larger rehab budget but I still want my first project to be super simple, not a gut job or anything that needs more than 21 days to complete.

Is there anyone here who started out this way and "against the odds" successfully completed a project through to selling and making a profit? I'd love to here from you.

Thanks all!

Steven