They may also try to continue to undercut each other by marginal amounts each time – after a certain point there’s no sense string them out too long trying to squeeze blood from a stone.

I'm not going to sugar coat it but you are in for a tough time.  

It took about 1 year from start to finish, but the rewarding feeling I got after all of the literal blood, sweat, and tears of 1 year of very hard work, was worth it all. 

sell your car, watch, cell phone and blood. 

@Scott Trench I agree with you about the quality of the market segment you are targeting and at the same time be very careful with the thinking that a blood bath in high end rentals will not impact the lower end properties.

You can sugar coat it anyway you like but in the end the expenses do add up.

I'm really interested in house hacking a SFH in the Liberty wells/sugar house/south salt lake area & can afford up to the low 200's.

Now doing that many rehabs is a little different, but 20-30 rehabs is completely feasible.I know it sounds like a lot, but, Isaac, I see and meet a LOT of new investors that just want to do their first deal or two, and seeing one that has done the first five or six and has the deep desire to grow their business just gets my blood PUMPING.

I work for Pearland ISD and live in Sugar Land.  

If you've got a 'maybe' deal and you're guaranteeing all your personal assets with some blood money lender thats not a good idea.