A broker can connect you with specialized lenders who understand your situation and offer competitive terms.2.

Its my understanding through my reading/research that 35% is the typical number.

However, to my understanding, a 1031 conversion of an investment property to your primary residence after a safe harbor of two years does not trigger a tax event.

So if I’m understanding correctly, if you sell your home within 2yr of purchase, you don’t have to pay capital gains taxes? 

@Steven Catudali don't understand the value that he is bringing... those are all just items you can pay a professional for. 

Also I understand the funds aren't available for the improvements so that is another obstacle that has me leaning towards price reductions to move on as soon as possible.The exit of lower tier SFH's is something very few investors care to consider when making their investments but deserves far more consideration. 

I've been doing a moderate level of research around the housing industry and I am very excited and eager to jump in.

Time and practice will still teach you as you do deals but it will help you understand what things costs for the size of the property 

I think you really have to be absorbed into the forums to start to understand who is here to just learn and converse and who is here to make a profit.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.