They'd be a partner and help provide solutions to operational challenges when scaling, we'd bring tech in like Breezeway for scheduling, give them a company card with spend limits to buy supplies, they even ended up landing a deal with a local laundromat to wash and fold there after-hours to make their lives and ours easier.Truly a win-win. 

If you are spending 325K on buying and 200K on rehab all in you are at 525K, you'd ideally need the ARV into the 600/700K range to give cushion and room since I would assume you would do a refi at the end.

I'm gonna go out on a limb and say the first-time investor isn't looking to spend $2M and be in the black $1,000/mo or more.Secondly, and most importantly, you can NOT get an STR in Breckenridge (or Keystone, another option in your response).

I know that co-star offers this, but I don't have that budget, I am okay with spending 100-200 a month for software to practice with and learn.

Okay, Rand Paul has spoken up, but the rest are just part of the "happy machine" to keep spending our money (while keeping a very large cut, kinda like a mafia loan shark) to give to ourselves to "make us happy".

What did you spend on rehab?

If you find something, go hard money and then spend the next few months re-leveraging the existing debt.You can have your cake and eat it too, just be patient my friend. 

If you have less than 500k to spend, it's near impossible.

Spend time and be strategic - but also make sure you're moving forward and not getting hung up on things.

We spend the summer on a small lake off Winnipesaukee but we don't own it.