I am an ultra successful real estate investor, rather than go back and forth replying to erroneous comments they only one I will respond to is by Mike's and the rest I will take a pass.

Majority of the book was about his ultra frugality and how he invested that into real estate.

And yes, the ultra-favorable financing terms are my entire point in my interest.

I'm still learning the Austin market and everything seems to be ultra competitive which may push me out of this market for rentals if deals can be found that make the numbers work.

, 225K generates 500/mo after 33% taxation$2200 rent - 500 = $1700/mo cost of living (ultra worst case)At a 7% return after sale for 575K sale (best case scenario), the 245K generates $957/mo after taxes

My market is ultra competitive and I find that getting sellers to take six figure haircuts is much harder to do than in other markets where the haircuts are five figures or less.

There are a select few that will lend with as little as 15% but you will pay a higher interest rate and you will have to be ultra solid as a borrower. 

Using the SFR as an example, I could likely get a 2300 SqFt building with low quality finishes, basic architectural design, etc finished for under $400K ($175/sqft)However, if you had an ultra- high-end, luxury home before; you likely won't be very happy with what that $400k ultimately yields.

I think a more realistic rehab budget would be something like 85K ($25/sq/ft * 1614sq/ft = $40,350 and then double that for a conservative first flip = $80,700), but I just wanted to be SUPER-ultra-insanely conservative. 

I say modular because the builders are ultra busy there right now.