My 17-year-old daughter is still in high school, but she saved up $20,000 in 14 months as a waitress in a town of 10,000.

Hi, any fix and flippers in here picking up at least 1 project a month?

The mortgage payment is $1,000 on each house, so you earn $500 per house or $2,000 monthly.

Many distributors also offer financing and can give you an idea of what monthly loan payment you’d be looking at.

A few months ago, I ran into a lady who has been going to seminars and REIA for more than ten years.

- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

But…There’s ZERO chance I would rent by the room for $600/months more.

They'll have the same issue with the next buyer and you can always come back in a few months and make them a much lower offer once the property has fallen out of contract a few times and they are extra motivated to sell.   

We have trades we use on jobs and know what they will charge which is often considerably less than what Joe Homeowner would pay for the same job . . . the trades know we will be using them again and again. 

PMs are busy - if you email a PM and say "Hey PM, I'm looking at 123 Main St. and I think it will rent for $1500 a month, does that sounds right?"