If you like to self learn you don't need to spend much if anything. 

In truth I bet the cash flow is better outside the city, because I spend far less on turning a unit than those in town do, I suspect.

And if not, is it worth spending the $1500 on the course work if you have no intent on becoming an agent?

It gives me the flexibility to do Redfin events while choosing when I spend time working on our investing as well as our blog. 

I use the following method:Pull compsGet potential rent numbersGet a scope of work (costs & to-do's)Ask yourself what a realistic ARV is.Ask yourself what level of rehab it will take to reach ARV target. 

Why spend money and lose money when you don’t have to?

Fix things up here and there and maybe sell it in a year but MAN you're spending some money on housing.2.

I re-financed it for $112,500 (after spending $145,000 in total) and then rented it out for $1795/month (my holding costs are a little over $1100 including PITI plus capEx/vacancy/repair funds etc).

I re-financed it for $112,500 (after spending $145,000 in total) and then rented it out for $1795/month (my holding costs are a little over $1100 including PITI plus capEx/vacancy/repair funds etc).

I re-financed it for $112,500 (after spending $145,000 in total) and then rented it out for $1795/month (my holding costs are a little over $1100 including PITI plus capEx/vacancy/repair funds etc).