@James Wise @Carlos Ptriawan...... come on bro....the actual numbers are just to make a point...so ok... then what is the cut off for "the agent know their stuff but hasn't bought a home, so they have no clue what thy are doing"...50....100...200...300? 

I don’t like providing  blanket SF costs as there are scopes that differ depending on the home but it’s very difficult to complete a gut renovation on a 2,000 SF home for less than $200,000 if you’re pulling all proper permits and and not cutting corners.

Many aren't cut out for being a landlord, some can't build a good team to fix and flip, some don't know where to find OPM and so on. 

I think CA is actually one of the best.. very cut and dry no redemptions etc..

Most financially independent, wealthy people get there through hard work, sacrifice, and time.Spend 2-3 months learning how to analyze properties, cut expenses, increase income, and save up as though your life depended on it.

My biggest hurdle is resource constraints (admin / FTEs to handle renewals and payment processing) and budget cuts (which lead to more resource constraints).  

Download and cut & paste to create yours.Join NARPM

For us real estate investors, if we are in a stagflation environment, we can expect that the Fed will keep interest rates at their current elevated levels or more slowly cut rates over the course of 2024/2025.

The grass probably needs to be cut at least twice a month during the summer.

That is a huge cut from your $160k budget which could impact the ARV.