If you are going to lose $1,000, then lessen learned about having precise contingencies and due diligence dates. 

They could give you a more precise estimate and help navigate zoning regulations and permitting.Let me know if I can help or if you want to discuss your plans further.Best of luck with the project!

Zero in 2024 in Huntsville - which is precisely why we bought zero LTRs in 2024 locally (bought one out of state, and bought a local flip property and one small local commercial property - slowest year since I started REI in 2017). 

@John Lasher If you are still looking to spend $20k-$30K for a coach, I would be happy to take you up on that offer :) For full disclosure,  I will share with you precisely what you can learn online/ perhaps even entirely through these BiggerPockets Forums but that doesn't address the reason why most are still unable to purchase larger assets: creditworthiness and capital relationships.

There's a lot of suckers who attend these sales, particularly for the lower priced properties and that's precisely who you don't want to be bidding against.

Some flips you will only have the budget to paint, do new flooring, etc....others will justify a higher-end remodel to get the best ROI.You just need to get a Licensed General Contractor to go over your Scope Of Work and attach a pricce to what you want to do.Now, if you wanted more precise guesses at your budget, and gave us a Zillow link...we could actually throw some numbers at you.

To any experienced investors willing to show me the ropes a little more in detail be more then happy to message me, I live in the Southern California area to be a little more precise.

Advice from other investors in your area who have done precisely what you want and the referrals they can give you will go a long way in helping you find the right market for you. 

What precisely went wrong?

., structural engineers, plumbers) for precision, or a general contractor for coordination if the scope is broad.