Many of us have been there but you may not be cut out for real estate.

Quote from @Brandon Croucier: No need to be paying an upfront fee to a lender.As a lender it is our job to perform or we do not get paid. 

Eventually, I’d like to start using the cash flow to pay myself and work toward replacing my day job income.

Quote from @Jonathan Grzeszczyk: Soon I am taking a job with a wholesaling company on the acquisition side of the deal. 

I agree that DealCheck (or the BP calculator) does not provide enough tools or functionality to analyze those types of transactions (yet).But I would argue that it does a great job at analyzing more traditional buy & hold SFRs and multi-families, as well as flips and rehab projects. 

Quote from @Paul Gupta: Hi, in California, For jobs requiring a license, there was CSLB (contractor state licensing board) which would give either a General Contractor license, or specialty licenses by trade (~60 specialties such as concrete, welding tile, ) https://www.cslb.ca.gov/about_us/library/licensing_classific...My Q: does Maryland and DC area have similar requirements? 

This saves me a lot of communication time as I only need to respond to inquiries with cut and paste responses with the open house day/time and I only need to show the rental twice a week. 7.

i would:-get the highest paying W2 job you can-save up enough to buy a house hack-house hackwhile you continue to learn and consider the other possibilities you mentioned.

I work a full time job at a wood shop building custom cabinetry.

Cutting our losses and selling was difficult, but it was the best option given our financial woes.I’d love to hear from others—has anyone else faced something this unexpected during a BRRRR or flip?