@Emeka OkekeIt's great to see your commitment to learning and networking—those are key to success in real estate.

It sounds like a big misunderstanding and I guess the learning lesson is for you to always to get an invoice from anyone doing work.  

Hi Daniel, Columbus GA has properties much lower in price than the metro Atlanta area, you should do fine to learn your local market.

Looking forward to hearing your thoughts and continuing to learn together!

The 60% LTV is based on the ARV, and that is why practicing calculating the ARV is an important skill that can be learned over time and with a lot of practice. 

It’s always exciting to connect with someone diving into long-term and mid-term rentals too.This is a great place to network and learn.

From there it is really just a matter of determining comps, cost to rehab a property, and your timeline.I have helped several investors flip their first home in Austin and learn how to do it effectively.

Partner with a real estate marketing company out of Las Vegas or Provo, Utah to market, promote and advertise the “mentorship” system consisting of the free seminar, followed by the modest fee weekend workshop, followed by the $15,000 - $40 000 full mentorship program.Here are the usual results1- 99% of “students” never earn back the cost, despite 1000s of wasted hours2- students learn nothing of real estate principles, real estate finance and real estate law which are the necessary foundation blocks of knowledge necessary for a SUSTAINABLE career in real estate investment 3- with hundreds or thousands of “students” unleashed on the real estate selling public they’re AT BEST an annoyance of trying to do “unrealistic” deals, AT WORST lead to a disastrous result for vulnerable homeowners.4 - The career real estate investors, service providers, brokers, lenders, etc are so disgusted with all of it and the outcomes they see that that can’t even comprehend that the subject technique or strategy does have a legitimate use when utilized (1) by and experienced and well capitalized buyer and (2) full disclosure is provided all parties with legal representation.  

It is what it is - if anything you lose a little and learn some lessons going forward to apply to your real estate investing career. 

Interesting to learn.