Research sold properties to see if the #s would make sense given your projected down payment amount.

Learn how to acquire a property, manage the property, and manage projects.

Sounds like you have taken on a big project for your first one, but that's how we learn.

Really depends on what you're looking for, the nature of the project and again, location. 

Quote from @Deborah Wodell: Hey everyone,When it comes to fix-and-flip projects, the down payment and closing costs can add up quickly.

At the time there were limited 3 BR rentals in the neighborhood, but achieved such high rental rates the properties ended up performing better as rentals than as a for sale project.

So whatever your projections are, what are your actions?

I got good at estimating renovation costs by making an initial estimate based on photos/walkthrough, drawing up a model like you see here, then once the project is finished, go to accounting, get the actual expense report for that property, and update the model.

We are putting a project on the market. 

I’d really value your input on this project and any recommendations you might have.Thanks,Maddy The original poster asked."