Determine Your BudgetSet a Realistic Budget: Consider the cost of tuition, living expenses, and your financial situation.Mortgage vs.

That shows real estate can be possible for anyone; in my opinion, I know everyone has unique and challenging situations, but in principle, anyone who can follow some basic budget fundamentals can save up enough for a down payment.Grateful BiggerPockets continues to bring more people into the industry!

I can see why you want to invest out of state if that is your budget. 

You can wargame scenarios to decide what you think is best.On the other hand, that is a pretty sizeable rehab budget. 

Budget these carefully into your overall project plan to avoid surprises.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.

@Gil CanfuBased on my experience working with over 400 investors, investing in a single-family home in Dallas with a $300K budget is a smart move due to the area's strong rental demand and appreciation potential.

My budget will be around $200k but I’m meeting with a lender on Tuesday to go over all of my options.

I’m from the NYC area, but the prices here are out of my budget. 

@Logan RheaReasonable budget for a cosmetic only renovation of that size.

We are able to get great incentives and the ability to own an investment property that take a very light maintenance budget for the first few years is a huge plus.