I then subtract that from the refinance loan to figure out how much is left in the deal.On the bigger pockets calc project cost is calculated by adding closing costs + repairs + loan amount as seen in the first picture. 

I can't even count how many times I have seen posts on Biggerpockets from struggling investors trying to rent out Section 8 properties or D class properties out of state.Everyday there is a new post from a Newbie Investor who put their hard earned cash into a dud of an investment and cannot figure out why they can't find a solid tenant, why their tenants don't pay, or some other horror story related to investing out of state/D class real estate. 

It can be a very good passive income even if I have to figure in my traveling cost against the 20%.

I am a new STR investor , so trying to figure what's worth it and what is not.  

And I have a 7 figure portfolio invested in both direct real estate (via residential rentals) and syndication/crowdfunding passive investments (because I feel both have their strengths and weaknesses and I want both in my portfolio).To backup a second: You can find virtually every type of real-estate investment strategy ( core, core plus, value-added , opportunistic) and asset type ( multifamily , self storage, office, mobile home parks etc.) via syndication/crowdfunding.

First thing is to figure out your why?

but as the end of 6 months came neither my wife or I could figure out where we were going to give next. 

Of course it was different from place to place, but 29% was a median figure.

I have a year relationship with an agent and have been trying to figure this out, as well. 

@Joseph BraunRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.