Coming from an area where rents are much lower (a 2-bed, 1-bath, 1,500 sqft rental averages $1,270/month), I was shocked by the high rental prices in Danbury.

Hey Hai, I think you might be confused.

I don't think you need to be in an all or nothing strategy here.

My wife and I thought we had an easy opportunity for a double (baseball analogy) with a flip home in Lakeland, TN we were able to get well below market this past summer.

If you need guidance as an investor or novice, join our WhatsApp group to connect with fellow investors.

When you get up there to that level of renovation, there is always unknowns that pop up. 

Readers should seek professional advice.

When I first started investing in real estate, I discovered how important it was to identify and capitalize on the right opportunities.

Other companies have come in person to do it.Every year, I get new 4-point inspections on ALL of my properties and send to my agent to re-shop my insurance rates. 

If you do this correctly you should be able to build between 30-80K in equity and have at least $200/mo cashflow when rented to set aside for vacancies rehab, repeat every year until you get 10.