When you aren't the money, you have to be a key component or no one needs you in the transaction.

The low deferred maintenance and high, value-add component.

One thing that has helped me is to think about this business as having three main components: deal flow (access to notes), capital raising ($ to buy notes), and asset management (overseeing the day-to-day operations of your notes).

There's that comp on Conejos that sold as is for $590k as a scrape, but I think the guy is just going to live there.

Value-Add, on the other hand, is a very popular type of investment today, and I usually do not consider deals that have no value-add component.

I will keep 401k invested in equities during this time and then that will be enough for me to completely retire and SS will kick in a little extra at some point.Your monthly expense rate is probably the biggest component to reaching FIRE....if your lifestyle requires 10k,15k, 20K per month to be happy then you will require a big net worth to reach FIRE. 

*There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.

Particularly since the appreciation projection is such a huge component of your annualized return.

More often than not you should assume that the main components of the home would need to be updated as part of the renovation.

You'll now be earning in two components:(a) You'll earn 22.5% on the 25% down payment you put in, plus(b) You'll earn the "spread" from borrowing from the bank at 7% and earning 22.5%.