Also, juggling multiple rehabs often means building a core team of reliable contractors and setting firm project timelines.

The bidding started at $1500 and two bidders were competing with each other as the price exceeded $5k.The auction was being run by a law firm, and once the bidding exceeded $5k, the auctioneer stopped the auction and told both bidders "You're bidding on the mobile home and not the lot. 

That ONE will change your life :) GO GET EM.

Ultimately, you want to be fair and firm.

., major systems like plumbing/electrical)Full Gut/Studs Down: $85-$120 per sq. ft.Luxury Finishes: $150+ per sq. ft.However determine the Rehab Costs are only a part of analyzing a deal, you also have to focus on determine the After Repair Value of the property in the specific Area/LocationIf you’re focusing on specific markets and ever want to discuss analyzing deals or strategies, feel free to connect, Our firm would love to help you!

I need credibility, either through working for a couple of years for a company or buying my own property, starting small, and scaling with time.Now, my plan is to graduate next year (Im a junior), and get a job in a firm as an analyst in order to build that experience and mainly cover my living expenses, while on the side buy my first small property and go from there.However, and this is where I start overthinking,  I still have 1 year left in school and I want to use it to my advantage as I don't have any expenses or responsibilities other than school yet, and I want to do my first deal.

The "private money", btw, is supposed to be Arnold's own money from one of his three "private equity firms."

Quote from @V.G Jason: I'd partner with a lawyer that can help put some contractual language on the downside of working with contractors and real estate agents.I'd also partner with a RE brokerage firm that clearly understands your goals. 

To expand, @Ben Whittington, Dennis Doss and Anthony Geraci’s firms can prepare a customized set of loan docs for you in any state. 

Or find a local design firm that has done cabins where they can show you proven rent results from cabins they've designed and have them charge you by the hour.