Yes, You can buy and asset, fix it up and rent it out to make money without you physically having to work for the money. 

Agree it is difficult to assess costs when they vary so much by location.Keep in mind that some turnovers are sickenly expensive, and that is just the nature of the business. 

Iam also seeking partners and like minded individuals with whom I can execute on first deal in first half of 2025.

I’m eager to connect with like-minded professionals and make great deals happen!

Quote from @Carsyn Childress: I have searched Facebook groups, Craigslist, and meet-ups with little to no luck with consistent volume.

Also keep in mind the location.

Great reason for not pulling deductions forward.I have been retired from a W2 job for some time and my income is at an all time high and will just keep going up with more RE investments. 

How I would go about it is bring a deal to someone ( a friend or colleague) that I knew had money, offer them the terms I have in mind and continue until I find one.

Op ex ratio may end up being more like 45% or perhaps 40% with newer high quality construction.

A good designer and architect are key for a successful project like this and keep in mind these aren't cheap.There's a lot more details to consider, feel free to DM me for more details.