Wear and tear varies on upbringing and number of kids...and adults as well.

I am afraid of missing out on an appreciating market but also apprehensive of PMI (probably from my Dave Ramsay-esk upbringing on finance)Gross income $330k, 800+ credit, 0 debt outside of mortgage Am I better off just waiting until I have full 20% down?

so I worked the printing press in our garage after school and we went to  the YMCA and picked up the hobos  ( today would be homeless) paid them 10 dollars a day and a pack of smokes to walk door to door hanging them.. my dad would get 20 leads a week and within 6 months was number one in the company and within 2 years started his own and that was my upbringing.. worked from the bottom up.. 

It is also a place that we've been coming to for 20 years for vacation and now have family there so it gives us even more reasons to travel, which we love doing anyway.I agree that you don't need to have all the cash to BRRRR as long as you can use private money for the purchase - the whole point of the BRRRR is not necessarily to use your own cash but to buy a property that needs work and won't qualify for conventional financing, thus allowing you to purchase at a much lower price, then fix it up bringing the value up and then refinancing to pull what you invest back out so you have close to infinite Cash on Cash returns. 

Make a schedule otherwise you will end up bringing more cash to the table to keep things moving.6) Process - making sure you schedule contractors at the right time so they are efficient will save time and money.

The buyer only ended up bringing $3k to closing and has a rehab loan.

Let me give you an idea of where I'm at so far.First off, I think its important to start off with my financial upbringing.

If you get overleveraged, its easy for a hiccup to end up bringing down your entire financial structure.

It went to sale and ended up bringing in only HALF of what it was worth... actually probably a little less.  

If you begin raising capital immediately you're doing pretty much the same thing a commercial deal syndicator is doing but they dont get bashed on BiggerPockets by the rich guys because, well 9 times out of 10 they work for the rich guy with the good credit, fancy degrees and harmless upbringings.