But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

Also just look online and steal some ideas...I used to Google Luxury Kitchens and then figure out how to do the same for less $$.You'll be fine with your experience.

I think you'll be hard pressed to get an ARV of $140k IMO...I'd expect something around $115k or lower.

Figured there would be a few data points left out of the equation' that I would need to circle back with :) .There are additional units not rented at this time which could be rented to increase the income.

Now, you need to figure out how to find deals and pay for them.

For the most accurate yearly tax figures, you can check directly on the Spartanburg County tax assessor's website.

It is a get rich slower scheme, but with less risk.How do you figure a paid-off property throws off more cash (per month, yes, but in comparison to how much you put down?)

A good GC will have their own contract for you to review and you could potentially negotiate from there to see if you can figure out what works for both of you. 

"We do not expect much further upside for housing demand near-term.""

@Hitanshu ShahDon’t expect to recover losses—it’s usually not worth the time or cost.