Although, obviously, often it is true that the borrower is also the legal title holder...but they are not necessarily interconnected.

@Bruce Woodruff- that's true, that's why I mentioned ARV (sales price) not specific rehab costs (which is what the poster was asking for originally). 

@Ryan Dickerson, while you will ultimately need to either make a somewhat blind leap or hope you can find a contractor that will walk your properties, one piece that I will add is: YOU need to know what type of finishes you are looking at, and understanding their material costs.I.e. are you going to do carpet, LVP, or true hardwoods?  

Most investors downfall is getting caught up dealing with the BS minutia of operating their real estate business and have no time to focus on true business development and growth.

First time posting and getting into the investment scene, I currently have a single family home that was my previous primary, and looking into purchasing my 1st true investment property, trying to find some advice on the financial aspect of the purchase, here's my scenario;Currently going through pre-approval with the builder and I do have liquid assets enough to cover the downpayment for the property (40k) but I do have a car note (41k, 800 monthly, extra 500 to principal monthly) and a Patio upgrade (25k no interest till March 2025).

They are the only ones that sell the tax liens for the counties.Well, it's not true :) what's about lienhub, **********, SRI, Zeusauction ?

Hey @Porsha Fross - @Bruce Woodruff always has true and spot-on comments!

While I wish that the statement about selling my portfolio by 2021 were true, it's only about 75% true. 

You say OP can buy 13 "such properties" but that's not true.

I mentioned weather and natural disasters as a stressor to invest in, and it's ringing true.