On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

I wouldn't consider buying real estate if I didn't have $160K cash in hand.

In the city or more urban neighborhoods though it's definitely more commonplace.I've added off street parking behind a property off an alley like you said at least a handful of times.

On the other hand, a detailed quote with a higher total may offer more transparency and reduce the risk of surprises as the project progresses.I specialize in consulting services for situations like this, where I help clients evaluate contractor quotes, ensure transparency, and navigate the renovation process with confidence.

@Jonathan Greene I have 20-30k on hand rn that I can put into a deal.

We feared it was too low, but we were not willing to accept anything more and left it in Gods hands.

Maybe you want to try your hand in the STR space.

In the upper right hand corner of your screen is a bell.

Check out Brian's book The Hands-off Investor on sale THIS WEEKEND for Black Friday.

Investing in individual properties is very hands-on.