Know exactly which areas, size of property, and level of distressed opportunities you're capable of tackling.

@Harrison Aakre The load bearing wall was a heck of a project but we tackled it ourselves.

I Don’t have the funds to tackle something like this but I don’t want that to stop me, since I fear I may never have the funds if I continue to live in the duplex… and I would be learning to do a lot of the work myself (but also contracting some out) I would love any advice or input you guys have for me.

I am hoping this post will help some others on here who are trying to make decisions on where to invest.My wife and I are looking for the market we want to tackle, and this post will describe our process.  

There are just so many issues to tackle with them, for example good PM. 

This is also a huge project for a brand new investor, I doubt you will have an easy time finding someone to lend you the funds to tackle this as a first deal especially with these numbers.   

No right or wrong, just opportunity and what you can tackle. 

I'm doing my due diligence, but I needed help with what to tackle and how to begin.

Cash out re-fi would eat all cash flow and I'm not sure it would give me enough capital to tackle a quality property with current rates (I'm locked in at 4.25%).  

When you step outside of your comfort zone and take on new challenges, you push yourself to learn and grow in ways that can lead to greater success and fulfillment.It's important for everyone, regardless of their profession or stage of life.When you challenge yourself, you:Build confidence: When you overcome a challenge, you feel a sense of accomplishment that can boost your confidence and help you tackle even bigger challenges in the future.Learn new things: Taking on new challenges requires you to learn and develop new skills, which can help you stay sharp and competitive in your field.Foster creativity: When you step outside of your comfort zone, you're more likely to come up with creative solutions to problems and think outside the box.Stay motivated: Challenging yourself can help you stay motivated and focused, as you have a clear goal to work towards.Discover new opportunities: When you challenge yourself, you may discover new opportunities and interests that you wouldn't have found otherwise.Meet new people: Taking on new opportunities and learning new skills often comes with putting yourself in situations where you will meet new people and continue to build your network.So I challenge you to step outside of your comfort zone and take on a new challenge.