Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

Well, my original SFH purchased in 2010 still has its original S8 resident.

Purchase price: $62,000 Cash invested: $60,000 Project in progress: Off market dealPurchase: $62,000Rehab: $60,000ARV: $165,000 What made you interested in investing in this type of deal?

Hello, I am new to the BiggerPockets forum and looking to purchase my first investment property this year.

Does the LLC legally own the property that was purchased? 

I've not yet invested in my first property, but I plan to purchase my first one by the end of 2023.

Purchase price: $900,000 Cash invested: $15,000 6BB/3.5Bath 4000sf on 3.4 acres near several wedding venues.

Here’s why lease options are a game-changer:🔹 Low Risk, High Leverage – Instead of buying a property outright, you lease it with the option to purchase later.

Process is simple. 1. purchase contract2. send contract to title company3. bring cash to closing and you're done

The only two ways to rectify this are (1) purchase the property far below market price or (2) significantly increase the property net income usually through some method of “repositioning”.