Hi All! South Florida Aspiring Rehabber here.....

[Kristin Britt]

Hi Everyone!
I am really happy to have found these forums. It's good to hear from others with the same interests and it's really interesting and informative and fun to read the newbie experiences and the experienced investors as well.

My husband and I have 7 long term buy and hold single family rentals in various cities (some are more and some are less profitable). Our short term goal is to achieve financial freedom within 5 years through passive income. We both have full time jobs, and I would like to be able to just be a full time investor eventually. Our longer term goals are: $1M+ annual income, 100+ units, and transitioning from full time work to full time investing. We intend to use our earned income as well as leverage to fund our goals, but we also want to accellerate our goal acheivement by completing multiple rehabs each year.

We have done one full gut rehab, but spent way too much money and it took way too long, and we ended up selling it in 2 weeks, but losing money. THEN, we took some extensive professional rehab training, got our real estate licenses, created an LLC, and started making offers. So far, we have been unable to get any offers accepted, and I think my offers are too low, but I am concerned about repair price estimates, having not done a rehab down here. I am just worried that it will all cost more than I initially estimate, or that I won't be able to find contractors to take me seriously and get me investor pricing vs. retail pricing.

Thanks for any advice or insight or even just encouragement or sharing you give! I appreciate it. :)
Kristin