I use to mentor newbies at an extremely low fee.

It has a Walmart, Lowe’s, Home Depot, Applebees, and a 99 Restaurant which is a New England chain as well as tons of other businesses and restaurants.

Popular markets often include beach towns, mountain retreats, and areas with strong tourism.It’s also important to research local regulations, occupancy rates, and management costs to make sure the numbers work.

Once you pay realtor fees, closing costs, sellers want 10k for points and concessions.

This works best when the seller is motivated and open to flexible terms.4.BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat)– If you find the right undervalued property, you can finance the rehab with short-term funding and then refinance into a long-term loan, pulling most or all of your money back out.5.House Hacking– If you’re open to living in your investment, you can use an FHA loan (as low as 3.5% down)to buy a multi-unit, live in one unit, and rent out the others.

Or you can offer a low enough price to make sense.

. - I've had multiple vacancies, including one where the tenant left after a year and cost me $6k in turn costs.

Quote from @Dylan Webb: Have you talked to a lender to see what it would cost you?

Lost $3k in the initial cost. 

During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?