U will never hit the numbers ever in renovations as there is no way to know the unknown.. just make sure there is plenty of margin above you all in price and cost of capital. 

If you really hustle and are smarter than the average bear, you may make enough money that you can buy an investment property.

I make a decent amount of money nearly from my W-2 (over 100k) but still not enough to easily buy another property this year especially if I have to put down 20%.

Will you continue to buy in that neighborhood with your next purchase @Teslim Salami?

This is especially true if you're trying to buy in the best location possible.

If you could buy it, what would you do with it as an investment?   

Investment Info:Single-family residence buy & hold investment.

. $220,000 is definitely a lower purchase price amount and really limits you on what you can buy.

This does not align with buying most buildings in cash.Once you progress in your investing efforts you may come across more UHNW individuals, family offices and institutions who would take the lower return for limiting risk (all cash deal).

Looking to buy Business around Portland metro below $300k.