And I was constantly more worried about my own project.

Are you in the market for contracting work, or are you doing your own projects?

My wife and I come from a manufacturing leadership and project management background.

We talked about an aggressive paydown at a rate of $5k for the next 6 months to make the deal sweeter for the next person, but renting it would be preferable to that I believe since I can get a higher return on smaller development projects at a burn rate like that. 

I run the project.

Also, before you buy another property you'll want to determine your ideal next property - meaning, will it be a "rent ready" house, a major renovation project, or somewhere in between.

If you don’t mind a little more advice…when I’m running projections like this, I like to use the worst case scenario and if the numbers don’t work out in that scenario, I usually pass on the deal.

As a matter of fact, far too many these days don't write contracts or stick to their price commitments after the project is well underway. 

I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

We were lined up to have this project complete by August which would still be in the prime time frame for selling this house.TLDR of my previous post - I ran into troubles with my first flip which was going on at the same time as this project.I had to pull my contractor from this house to save the day on my first flip.