Yes ma'am, please advise if 80% of the purchase and 100% of the rehab is suitable for you.

Leave your cash with a suitable Lender and get them to agree with your plan (preferably in writing) BEFORE making Offers!

That put the renovation bug in me and I hope to do that at my leisure as a sunset career.

Your next after commit yourself into REI career is to educate as much as you can.  

If you are worried, do a little extra due diligence, and dig deep to see if you can come up with reasons, other than where their income comes from, that they would not be a suitable tenant.Rob

I can relate to not wanting to make a big mistake early in your investing career and taking a major set back.

With your  well thought out goals, and the awesome timing of being able to gear your career to real estate at this point it sure sounds like you are on your way to success in your investing.  

Here are the pics of when I purchased it: Up to this point in my investing career I have done all the work myself or with some help from friends who have skills.

This is for me, a major leap of faith into a new career field.

One idea for someone at your stage in life may also be to boost your human capital some by advancing in your career and saving for that first home (and a 2-4 unit is an ideal target).