@Henry Lazerow I know I always wanted to move to somewhere in Mexico because you used to be able to live great on a low budget.

Next, make sure your reno is budgeted properly.

@Gabriella NataldieTo make a strong financial future, think about getting more cash through side jobs or freelance work, cut down costs by making a budget, and use your saved money smartly.

Without my BP mentor, I don't know how I would have gotten through it, as the first eviction was 2 months before my wedding and we were landlords less than a year ;)Yes, this too shall pass, and once you get the hang of landlording and get more experienced at screening, things should calm down.

As the ones doing the rehab we became legally responsible for finishing the property over budget. 

There is room to move the stairs to a different location but without having done one of these before, had a few questions I was hoping you all could chime in on.1) What amount should we budget to install a new set of stairs with the correct run and rise for each step? 

You can get a real nice home within $150K budget.

Get rid of debt, build a budget, and save.

Get rid of debt, build a budget, and save.

  - Any budget overruns could exceed the amount of capital a small PML may have and require the project to be refinanced into a new construction loan elsewhere while the project is inflight and this could pose challenges if the borrower doesn't have much skin in the game or liquidity.