Rents will rise much at a much faster rate, so the challenge of finding cash flow (enabling more investors to become "capable") will gradually recede as SFR cap rates gradually expand - it will be a process, not an event - over the next few years.

The numbers may be 30-40% lower than today's cost, but the process/approach to estimating may be good for you to review.

Hi Ashley, We have found what works well for us, as well as our clients is to ask them during the on boarding process if they have any preferred contractors.  

I was in the process of about to get into the real estate world of investing until this occurred.

Like you, I’m diving into books and podcasts, but I also believe there’s immense value in learning alongside others and gaining hands-on experience.I’m in the process of connecting with like-minded individuals to create a community of new investors who are eager to learn, share knowledge, and even collaborate on deals.

It can be a drawn-out process, but it might get you closer to that $500k value.

If you are just downloading data room info from brokerage sites and plugging into a model, you are refining your skills on the "act", which is certainly necessary and helps make the process faster.  

You can always leave and repeat the process and rent out your old living area.  

One more tip – people remember stories that trigger their emotions.

You sound like the brave side of the coin in that you did due diligence and respected the process.