Make sure you are buying the property right, the rehab is not going to be gold teeth in a dead horse (or granite counters in a war zone) and you stay below 70% of the ARV when all is said and done.If you do those things, you should be fine, especially with an experience partner.Best of luckStephanie

I have NO experience though in real estate whatsoever, so I really am one of those starting from scratch in every sense.

I have no experience whatsoever except read up alot of books about real estate and now it's time to get my feet wet.

The rest, if there is any, more up sells with a bunch more vague crap that isn't going to help you one bit unless you plop down another large amount on your credit card for the V.I.P blah blah blahExit, testimonials swearing a single mother of 20 kids with a 2nd grade education and no teeth makes a million bucks a month following the exact system.

When I blew the lines out, enough water came out that I could've made a pot of coffee, brushed my teeth, and shaved.

Basically, if you can show a lender you don't need a loan you're more likely to get it.Otherwise, might be more successful in selling hens teeth on E-Bay, LOL :)

I have absolutely no experience in real estate investing whatsoever.

They will not do any repairs and they will not allow you to do any repairs whatsoever before you close on the home.

Because honestly who cares if the property has a 10% for expenses, if debt servicing is 80% then you just took it in the teeth. 

We tend to be quite conservative in our assessments, factoring in loan/tax/insurance, estimated annual maintenance/repairs, vacancy allowance, and property management fee (even though we self manage).We do not budget for appreciation whatsoever in our assessments, tending to view any potential appreciation as a "bonus" if it comes to be.Using those numbers, we are still cash flowing $400+ per door after PITI and allowance for vacancy/repairs/prop mgmt in the SFH space, less so on the duplex (primarily due to the terms of the note which has a quicker pay down).