Approximate purchase price of $650-$850k with a construction budget of $1.0-$1.5m depending on total unit count. 

Get rough quotes for projects on certain houses.Then budget for about 125% of it and 25% more time; and go after it.

I agree with Kyle, definitely do some research on specific neighborhoods and compare to what your budget is.

Should also require financial literacy programs, so they learn how to budget, save and fix their credit.I don't like my tax dollars supporting "free loaders" for decades. 

Here's some guidanceon finding your first deal:- Define Your Criteria- Explore Financing Options: Withyour budget for a down payment, you have several financing options to explore.Conventional loans typically require a 20-25% down payment, while FHA loans forowner-occupied multifamily properties may allow for a lower down payment,around 3.5%.

If one person is more worried about budget, and the other is more worried about quality, this can lead to argument. 

Very informative and gives an interesting look at investors' experience in this market.But courtesy first, my husband and I are "out"-out-of-state investors, looking for deals in NE and East of Downtown.For the past 3 months, we've been researching and submitting offers on properties to match the COMPS and rejected.Our budget is about $100K, stretching it to 120K for the right property + rehab.The problem is that we had to offer low-balls for the numbers to work, and then get rejected.It seems it's a narrow fit to BRRR, hence the cashflow is "on edge" here.Doesn't appreciation suppose to be the icing on the top?

Just be careful with your budget and do t over renovate for the comps.

The listing is above my budget, but it is being sold via Auction since it is a foreclosure. 

The sum spent on these presents can fluctuate depending on the broker's budget, deal value, and individual tastes.