I'm planning on quitting soon, moving back home for a little and taking a few months in between my next job to pursue my first investment.My rough idea for an investing strategy is:  long-term, not necessarily looking for high cashflow (just want to start building equity), quality deals > amt. of doors, Class A/B neighborhoods mainly for low vacancy. 

For example, adding a bathroom can increase your home's value by 10-20%, depending on the quality and type of bathroom.

Hi Rene,I have received four quotes so far:First Quote: $90,000 ($273/sq ft) or $100,000 ($303/sq ft) as mentioned in the initial posting.Second Quote: $92,000Third Quote: $158,290 (Including Interior Design)Fourth Quote: $140,000 - $150,000I plan to go with the first quote/contractor, as they've previously done renovations in the house, and I appreciate both their communication and work quality.

Are their listings detailed with good-quality photos?

Ever since David Greene tool over it just seems it's about pumping out as many videos as possible and not actually providing and quality information.Who is David Greene? 

And, I plan to follow a strategy that includes buying higher quality, rather than just looking for high cash flow. 

We have purposefully stayed away from Beloit... there are some decent properties there, but we found that there are not enough quality tenants to occupy the homes.

The investments will vary drastically in price based on the neighborhood your looking in & will translate to the quality of tenant. 

@D Kirk, I am all for saving money when you can get comparable quality work done for cheaper.  

And we found a great pre-finished lumber supplier for the siding and the tongue and groove that is saving us 10 to 15k a cabin depending on the size (and producing far better quality results in the finishes).It doesn't sound like much when you're looking at 300k to 500k builds.