Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

Hey Chad, I think it would be worth it if you have a good safety budget.

On the other hand, if you have a lower budget, let’s say $100-$150k.

Budget in some cushion for going to visit the property and worst case scenarios.  

However, be mindful of the repayment terms and interest rates.Risk Management: Ensure you have a solid plan for managing the debt and contingencies for market fluctuations.Practical Steps and StrategiesMarket Research: Continue leveraging your knowledge of the Asheville market to find undervalued properties with high rental potential.Financial Planning: Work with a financial advisor to create a detailed budget for your investment strategy, including purchase, rehab, and holding costs.Networking: Engage with local real estate investment groups and continue learning from successful investors through platforms like Bigger Pockets.Boot Camps and Education: Your proactive approach to education through boot camps and BP PRO is excellent.

It's tough for me to answer on a learning curve question I went to high school for architecture and college for construction management and I've never personally flipped a house, although I know how to budget and schedule it.

Afterward, if the ARV is 425K, and the rehab budget is not too intensive, you should be able to refinance it with a DSCR loan and get the majority of your money back. 

The others are cold calling and texting which we highly recommend for smaller budgets.

It a great tool to use if you are tight on your budget.

The groups with the largest marketing budgets get the most leads, which by sheer volume will convert more investors, which means more equity to buy deals.