It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site.http://www.biggerpockets.com/starthere Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

It's a pleasure to be with all of you who are taking massive action.  

They will just continue to complain and make a big deal out of everything, and will be a massive drain on your time and resources. 

And you don't have to use the hard money if you have the cash they will just take a bidders fee.So what this has done in our market has created massive competition because their target market is newbies.... lots of people with good credit and 50k who want to get rich buying forclsoures.. at the end of the day people will have different experinces with these from losing money.. to breaking even to make some money.. but no real big hits.. they market to these folks showing them a % return on the 20% down they make .. so if they can make 20% return or better on the down payment then people go for it..

I am not trying to be rude, I am just trying to point out how ambiguous your question is.J Scott gave you a massively wide range for the same reason.When it comes to rehab, there are way too many components to rely on a square foot budget.

I'm London based and right now we're in the middle of a massive housing bubble - very basic 2 bedroom flats can be found in excess of £200,000.

So the following is a list from my experience, that you need to a) plan for and b) understand how to deal with if you're going to get into RE in the city.Tenants (non rent controlled / stabilized): there is a massive shortage of affordable housing in the city, and a shortage in homeless beds as well.

Hey guys, I am new to this website and to REI in general but I have always had a desire to get involved and I have made the decision to get started and take  massive action.

_r=0The Supreme Court’s Disastrous Misreading of the Fair Housing ActA decision endorsing ‘disparate impact’ analysis will turn a law meant to prohibit discrimination into a vehicle for race-conscious housing decisions: http://www.wsj.com/articles/the-supreme-courts-disastrous-misreading-of-the-fair-housing-act-1435707270More Millennials Are Living in Single-Family HomesFannie Mae report and commentary find that millennials favor living in single-family homes, whether they buy or rent: http://www.inman.com/2015/07/01/more-millennials-are-living-in-single-family-homes/Moody’s Analytics: Single-Family Rental Growth Will AccelerateSingle-family home rentals since the housing bubble burst nearly a decade ago have seen massive growth, according to a new look from Mark Zandi, Moody’s Analytics’ chief economist.

If you have small children at home and a full time job, don't get into a massive rehab situation.