Here’s my situation:Property & Loan DetailsFirst Home + Investment Potential: This will be both my primary residence and an investment property once renovations are complete.Purchase & Renovation Costs:Purchase Price: $100,000Estimated Repairs: $150,000Contingency Budget: $15,000Total: $265,000Appraisal: Post-renovation, the property is appraised at around $360,000—so there’s potential equity, but it doesn’t help me with the immediate cash I need.FHA Loan: My interest rate is around 7%.

You're on the right track to reach out for help here and also to look to your area for potential partnerships.

I saw the potential to cash flow when the opportunity presented itself I jumped on it.

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

@Yael DoronIf you're working with a $150,000 budget and aiming for high ROI through rental income, consider nearby areas around Phoenix that still offer affordability and growth potential.

., known for its upscale appeal and strong demand for vacation homes.Properties in the Hamptons attract affluent buyers and renters, offering a high potential for appreciation and steady rental income.he property may have been undervalued due to its condition, presenting an opportunity to add value through targeted renovations.

I’m currently targeting properties in the $200K–$500K range, depending on the location and potential cash flow.

Property Valuation:Investors look at a variety of factors to determine a property’s value, including comparable sales (comps), rental income potential, and location.

I haven't thought as far ahead as looking at potential areas to buy property.

The properties are well located in Denver with value add potential and all rents are currently well below market.