Some first time home buyer will overestimate their DIY skills and underestimate the scope of work and cost.While equity is a percentage (ideally 25%) rehab cost is a dollar amount that does not go down with lower priced properties.

It's easier to enter a real estate office and learn the terminology there then switch when you can show you have skills to offer.A mortgage lender is going to pay $11000 for every loan you start no matter if it's denied or they shop rates.

I am looking to invest in more STR's this year with partners and scale the business.I am looking for a LP and GP deal structure where I am the GP that provides the labor and investment skill.

I started out in one with troubled young women ages 18-24 who had some light depression and needed to finish their GEDs and learn life skills.

I am also skilled in painting, woodworking, restoring, installing fixtures, ect, so I'd be doing a lot of sweat equity myself.

With your extensive construction experience, you have a valuable skill set that can be beneficial in your new venture.

There's a starting point for everyone - high income, rehab skills, etc.

I would suggest if you have put your mind to it, enhance your skill set and learn the rules of the road and try small.

(and if you do, holy **** did you get lucky, and imagine what you can do when you PRACTICE your skills!).

Then do some research on some high yielding skills that can help you earn more money, either on the side, or eventually as your main thing.