Living rent free (again not assuming that is your situation, but guessing many parents with adult children at home don't charge them rent), it can be easy to spend that money and then when you are on your own, having problems budgeting.

We currently own and operate a wedding venue and have 5 STR doors.

If you price is under $1.7m, what rehab budget do you want to stay under, and what profit are you looking for?

The recommended cash budget is as low as $180k (for the DIYer) and $225k-$250k+ if you are 100% hands off. 

Over the years, I've built strong systems to keep projects on time and within budget.

I budget 5% for vacancy which equates for me to a turnover every ~2 years. 5.

.$160,000 purchase price.Rehab around $80,000 (More than I budgeted).Optimized rents between $4,000 - $4,500.ARV is $350,000+The deals are out there and don't rush in.All good things take time.Much success

Selling I save 30k on the Reno budget resting in a 107k sale.What you guys think Keep a fully renovate home for 66k in a C+/B- area or sell for 107k for the next deal?

Get rid of debt, build a budget, and save.

I'll definitely avoid downtown and focus my search elsewhere.Getting pre-approved beforehand is a great tip, and I wouldn't have thought about clearly communicating my ideal vs. maximum budget to a realtor.