With regard to renovations, I always suggest taking incremental steps to bigger renovations or partnering with someone who has already done a renovation at that level.I've been known to just go for the big rehabs for my personal investments here in Chicago , and during that process, it's always more stressful than it needs to be...As far as navigating the competition, I've found the best thing I can do is get EXTREMELY CLEAR  on what I am looking for; then I am confident pulling the trigger quicky. 

If you are considering this approach, I suggest you buy an A-class property in a landlord friendly city and get a PM.

Contractor is suggesting laminate sheet goods for entire floor. 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

In this case I suggested a 10,000 gallon water tank with just one of those meters attached to it.

If I can make a suggestion...Yes with 3 points you might be able to get into the 6's - but let me give a quick example:Let's say loan amount is $250k and making some other assumptions, paying 3 points down would cost $7,500 however that might only save $195/mo. 

I suggest submitting offers where the numbers work today.

I’m looking to do a 1031 Ex w 300k down and 650 purchase price can anyone suggest areas that might cash flow w these numbers ???

@Robert Ok If you are a beginner, I suggest do not join a coaching program yet.

There is risk in both options & as an investor you need to weigh those risks & stand firm on whatever you decide.