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.

Maybe pay a veteran GC to give you a budget...you don't need plans to do a rough budget within $25k.

The property hasn’t pulled in a lot to cover the cost but for safety I can manage fixing some within budget. 

This involves thorough research on local trends, networking with other investors and property managers, and finding reliable contractors who deliver quality work on budget.

I have been working and educating myself for many years toward this type of project  Interesting, Is there significant deferred maintenence or is the $150k budget for cosmetic repairs on all 50 units?