This includes budgeting for initial investments, calculating potential returns, and having a contingency plan for unexpected expenses.Real Estate is a vast industry, and with dedication, continuous learning, and ample networking, success is within reach.

The last post is correct, we are required to have our license classification and clearly displayed on our trucks, business cards and any other advertising.

My alternative would be a conventional loan with 20% down where my budget would be about 200k or 40k down. 

Here’s a bit about my current situation and goals:Current Rentals:Number of Properties: 1Type of Property: Single-family home (we lived in it and turned it into a rental when we moved out)Location: Corpus Christi, TXInvestment Goals:Short-term Goal: Acquire more properties and build an equity-heavy portfolio to have leverage if needed.Long-term Goal: Build a portfolio that provides enough cash flow to cover all living expenses.Focus: Expand my portfolio, preferably to at least 10 properties in the next 10 years.Financials:Current Monthly Cash Flow: Close to breakeven (potentially negative by $20, factoring in reserves).Future Investment Budget: No savings at the moment.

I’m on the board of a small camp in Crofton, NE (near Yankton SD) (~120 beds, 80k budget) and we have had insurance policy adjustments in policy and costs for last 4-5 yrs.

One thing to keep in mind is to make sure you have a clear timeline and budget if you’re planning to flip properties, as efficient renovation management is key.

Eliminate debt, establish a budget, and save.

Each of those WIP accounts are assigned Classes (Landscaping, Flooring, Light Fixtures) so I can run reports later to help me better budget future flips.

If you have a budget of 100K a year to spend why spend 10K in Alabama, 10K in Louisiana, 10K in Colorado, etc...

Approvals are actually often based upon their budget though.