So maintenance and cap-x cuts a LOT deeper on those low $ performing properties. 

., you might be cutting it way too close to really do anything. 15k is the bare minimum I suggest for reserves or oh no money on any project so that doesn't leave you a ton left to work with.As @Glenn Banks said, 203k is probably your best option because it's an FHA loan and you can do low money down and the reno is baked in, but the reno is complicated.

I suspect that this lady may be involved in the scam and then takes a cut of any money wired to the supposed lender. 

I have 9 doors in Denver/WI and have done short term, medium term, long term, rent by the room and I’m currently house hacking while renting out my basement and cut my mortgage in half.

It cost about 1000 to get it cut.

Knowing how much time do you have available will be just as important.Maybe you can cut a few things and create a budget for your business. 

Hi there Mindy hows it going hopefully fantastic , Im a new member and  been tryin to grow my real estate business hear on Bigger Pockets  and loving it hear, a few moments ago I received a message that Im being banned for spamming Im trying to understand how because Im in the middle of doing business with an investor from Dallas when I was cut off do to spamming can to help me please thank you so much stay blessed and great success 

INSTEAD we ended up spending HOURS on the phone with EVOLVE over multiple failures to deliver, incidents with destructive rowdy underaged guests, and now EXTORTED FEES for cutting bait.

I made the mistake of buying a place in a less desirable cut-de-sac and I had nothing but trouble renting it out.3.

Unfortunately, builders and contractors make mistakes all the time through human error, cutting corners, or hiring the wrong subcontractors for the job.