Rehab a SFH and stay part 2

[Aaron Ross]

I am looking for my next project to purchase, rehab and move into. I thought I found one this weekend, but when I ran some prelim numbers, drove by the home and did a more serious analysis, I decided against it. I see 100k in rehab and fees. I have a day job and I feel that is too big of a project to commit to on a part time basis. That size project is probably a little more down the road.

I am glad I went through the analysis practice. I learned that I am not ready for a project that size. A 25-30 Reno is more like it.

The point being that continue to analyze, practice and be honest with what you can handle.