That shows real estate can be possible for anyone; in my opinion, I know everyone has unique and challenging situations, but in principle, anyone who can follow some basic budget fundamentals can save up enough for a down payment.Grateful BiggerPockets continues to bring more people into the industry!

An investor focused agent should also be able to help you determine what the future performance of a property looks like by producing you a nice proforma with budgets and projections.  

Hi Shayan,It definitely doesn't hurt to get another quote from a different GC for sanity check.DSCR loans won't work if the property is not rental condition and it won't fund any of your rehab budget.

The financing will then dictate which markets are and aren't within your budget.

Reduce the federal budget deficit to 3% of GDP, achieve real GDP growth of 3%, and increase U.S. oil production by 3 million barrels a day by 2028.For real estate investors, these plans could mean major changes—and opportunities.

Success doesn’t come overnight, but if you stay focused and keep pushing forward, the results will blow your mind.Education without execution is just plain entertainment. 

I will say you do enough underwriting and something will eventually get missed (my last rehab was my first to go way over budget due to various reasons so I am not perfect).  

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/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.

Depending on your budget, you may be better off considering off beach SFR's. 

Eliminate debt, establish a budget, and save.