You have set a very doable goal and believe with education, persistence and a little luck you will achieve it soon.All the best,Michael A.

A 10 year should be doable but who knows, that's a long time ya know?

I would call up a real estate agent and just ask if $600/mo is doable for the area, they would be able to give you a quick answer.I would also post some pictures for BPer's to help figure the cost of repairs since that's usually what bites people in the butt.Nice find, where'd you get it?

I think it is challenging, but do-able to invest in California for cash flow and buy and hold, but it does take more work. 

@Evelyn Roper That sounds doable.

The goal is to live in and remodel for 6+ months then sell for 175-185k which should be doable given the comps.  

Once you get the feel for it expansion is possible  unless of course you are going partner with family in MN  then that is doable.

A GC is generally going to take somewhere around 20%, so that would be an added $46k, which would increase your total cost to $274k (or $72/ft2, which is absolutely doable for me).So your partner is worth about $45k, given that is what your 50/50 partnership is saving on the build.  

Yes I am an investor in Rochester and know that this is doable.

The deal may not even be doable without knowing those costs.Contingent upon inspection would not be applicable to a rehab property.