Money now is very good because you are new and ready to do all the work, but the examples you'll hear about are people posting on BP saying, "well, I did all the work and they got a lot or most of the profit." 

It’s in pretty good shape at this point, rentable.I travel a lot for work, and a friend gave me the idea to do a short term rental as a one bedroom, locking all of my stuff in the other bedroom and office - I applied today and was denied because I don’t own both sides of my HPR, even though I have written permission from the owner of the other half….

I only charge markup on maintenance if it's a larger project that requires more coordination, supervision of the work, and inspection after completion.

These guys tend to be 1 man shows, and are generally drowning in work and would love someone to pour into. 

The park needed a lot of work and we worked hard to turn the property around.

Quote from @Sofia De Santos Tavarez: Hello, my husband and I are looking to do our first rehab in a different city than where we live (we live in Austin and looking to buy in El Paso), and are wondering how one determines and writes a scope of work and determine what material to buy for what.

My suggestions would be in this order:(a) Determine the type of financing you qualify for - this will short cut the process considerably and save time on investment angles and next steps.

The upgrade basically put a target on my back with the fire marshall as he came by to inspect the work and found that there were a few compliance issues.

It wasn't fun living an hour and a half from work and play, but absolutely worth it.If one is starting with relatively low living expenses, cash flow can be extremely powerful towards reaching financial freedom.

A prudent investor doesn't seek quick riches through shortcuts.