You're going to want to have a team in place to do the rehab (or have a plane ticket and extended stay booked), have a wholesaler or agent looking for properties for you, and an idea of how you're going to manage your property when it's all finished.Best of luck! 

It also gets a bit more complicated when it gets close because technically when they say above ground they mean 50% above the base plane.

Otherwise you have a lot of hotel stay, meals, plane tickets for properties you bid on and don't get.

🏘I’m curious because as a future young real estate investor I’m stoked and thinking about booking a plane ticket over to experience the event itself!

I'm planing the same on the next 2 deals.Here is how the numbers lookPurchase price for 2 properties 160k plus closing costs $720 =$160720Deposit paid by me $10kNew Loan $128krent/ deposit credits $667.80Property tax paid by seller $2528.43Credit from seller for closing costs $7000 (note this was negotiated as a credit for repairs but it was wrote as closing costs) One of the properties needs a roof.Total paid by/ for buyer (me) $148,196.23So $12,523.77 is due at closing.BUT...

I would never have fixed that.. its a step plane and simple.. home inspections on older rentals is the bain of the industry.. your just not going to fix every single little issue in a house and keep in mind your tenants are just going to rough it up and you will constantly being fixing little things during the course of ownership.. 

Also, if you are planing on painting the outside of the house, you have the issue of preparing to avoid over spray (on the house and landscaping) as well as the issue of scaffolding or ladders and doing it safely.The gadgets have their place but saving time when looked at in the entirety is not always what the literature or ads portray.

You're at least planing the back side to thickness, right?

And lastly like so many of you my goals mostly entail financial freedom, early retirement, and the ability to fund my expensive aviation hobby as a private pilot with a few planes.

Nothing big but we bought these properties with 20% down. our cashflow is 200 per house our equity on those houses are around 167k and 222k. we are planing on paying this 2 properties ASAP by doing extra payments because we are afraid of big debts.