@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.

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. 

I wouldn't worry about any of that, but I'd want to see it in person before I committed to that.Find a good basement guy to go take a look, usually not the guy with a wrapped truck.

They take the guts out of it where they shoot it, and then strap it onto the trunk of the car or in the bed of their truck and take it back to their house, and hang it upside down from a tree limb to let the blood drain out of it for a certain amount of time.

Paying rent will force you to maintain a personal budget, it will ensure your property produces the income necessary to operate the property, it creates a savings for you as a landlord so you can prepare for the next investment, and it shows how the property performs as an investment in case you have to sell.You need two accounts: checking and savings.