This will give you a baseline, I.e. own the Main St project same thing as this one, and it cost me all in $125,500 to do the full rehab.

There are many articles and podcasts from BP that they talk about that.The main thing is fill you up with as many information as possible.

If you convert a main home to a rental,  you do not get the full $500k exclusion.

To create rental income that enables financial freedom, you need a location that meets specific criteria.Rents increase faster than inflation: Prices and rents are driven by the imbalance between demand and supply.

One of our MTRs is in an area with extremely low supply that we've had a waiting list for it one summer.

North Linden, South of Main, Vassor Village, Woodland Park, MT Vernon, Milo-Grogan, Franklinton, Merrion Village, Hungarian Village, Southern Orchards, Driving Park, Olde Towne East, Franklin Park, King Lincoln, Old Oaks, Livingston Park are all but not limited to some areas in Columbus, Ohio I think will gentrify quickly and make for great long term buy and holds.

The main issue is your exit is capped so if your costs go up, your profit goes down.

@Devin James I definitely agree with your main point.

Have you sent your material list to a supply house to be quoted, have you arrived at a quote with your subs?

I am mainly in the West Palm Beach area.