with you as the +1 that maybe brings him to a nice round/impressive 20 instead of 19.

Your numbers are not too high, and especially for your first property you want to figure conservatively so your not surprised with negative cash flow on your first go round. 

Numbers (rounded to nearest $100)1350 sf3 bed, 2 bath1 StoryNo GarageListed Price $45,000Offer/Purchase Price $50500Original Estimated Renovation Cost $17000Renovations $20,000ARV $106,000Sold $109,500Closing Costs at Purchase $2800Closing Costs at Sale $5500 (around here, sellers pay for buyers closing costs)Holding Costs (Loan Payment) $200 a month for 5 monthsHolding Costs (Utilities) $300 a month for 5 monthsHolding Costs (Yard Maintenance) $100 a month for 3 monthsReal Estate Commission Paid at Sale $6600Target Profit Margin $20,000Actual Profit Margin $22,000DetailsThe reason why I laid out all those prices is because I read a lot of success stories before I started and often times there was very little information about how much money was spent where and why.

.$400M gone is one week, of course that is just rounding in his P&L....So any investment has a big speculation component in it...

Thank you @Ian Ippolito for this last round of articles you published, very informative and valuable.

Looking for a reasonably priced survey company in North Austin/Round Rock area.

It's our experience that greedy founders don't the next round of funding because the valuation was too high in the first round. 

So, if you will be renting it out year round, you should purchase it as an investment.Down payment options differ for both, and are dependent on details like property type, loan size, among others.  

It is like the last question of the fire round, you just need to get started.

Outside of investing, I'm pretty obsessed with golf and would be up for catching a round with anyone interested in the Boston area as the spring time rolls around.