Thank you so much for sharing and for giving me a rough guideline of the numbers I should be aiming for!

Also try to aim for a duplex to enjoy the benefits of househacking. 

Your Financial Goals are as simple as generating two very basic sets of number...dollars really:1)  Make enough Profit (lump sum returns) to Pay Off your personal debt...ALL of it.2)  Get enough CashFlow to "cover" your monthly bills...ALL of them...and to replace your current method of doing so.The overall Plan, is comprised of a series of Measureable Milestones made up of groups  of the individual Financial Goals (Debt Payoff, Cash Flow)...all lined up in a row.  

Furthermore, I just started my real estate courses where I am aiming to get my real-estate license.After reading your post I do have several questions for you:1.

I aim for my equity to make a penny per dollar per month, and my portfolio comes pretty close to that (as we got better at this our later house buys were more profitable than the first stuff).

If the house is really old and has asbestos and other things then it generally costs more to remove as you have to take additional measures when tearing down.Grade costs and topograhy is another issue.

FORECLOSURE: A seven year waiting period is required, and is measured from the completion date of the foreclosure.A three year waiting period is permitted if extenuating circumstances [EC: non recurring events that are beyond control that result in a sudden, significant and prolonged reduction in income or a catastrophic increase in financial obligations]  can be documented and the lesser LTV of 90% or the standard product guidelines.

I typically am aim at the multi units.

It is hard to measure what you never see. 

Plan is to reach out to my personal network to raise money for the down payment, and aim for a seller carry back on top of a bank loan.