That way I didn't have to sit on it for a few months while it sold. 

Rent on a 4 bedroom place may be $5000 monthly ($12,000 in Manhattan); rent it by the bedroom for $1500 per bedroom with access to all common areas.  

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Increased rent $500 per month, cost of renovations $65,000 = 10 years to recover the $65k investment.

However, on the other side of the state there were interior pics of the homes that sold from months and years ago.

However, if it clogs again within 1-2 months then I believe it would be fair to charge the tenant.

After a month, my first contracted deal in over 5 years as a wholesaler (own 2 properties 2023/2024). 

I own thirteen mobiles in one of my parks and the only way it pencils is that we A) take very good care of the homes staying ahead on the maintenance, B) Rents are high in the area so we can charge $550 over the pad rent which is $450- so $1000 per month.  

Now, if the borrower made payments for 9 months, defaulted again and you said you'd take 94,652, that's a horse of a different color.

Plus, just the Holding cost for one month at say 7% of $50mm is $3.5mm just for one month.If you're in your 4th year of school or the trades, do you have both of them covered?