Start small, ensure your numbers (purchase + rehab + holding + selling costs) leave room for profit, and build a reliable team (contractor, agent, lender).For financing, work with lenders who specialize in fix-and-flips. 

., I look at worst case of what would it cost to roll-back all changes and add that 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 am just curious if you are utilizing cost segregation strategies for your investments? 

Purchase properties at a discount that need renovation work to then sell at a higher price profiting at least 15%+ cash on cash returns of all in costs each deal.What is the outcome?

My thinking immediately turned to researching local rental costs per square foot to determine income potential with triple the current square footage.

Of course have your costs researched first bc the buyer will want to know how much it will cost them to buy.

This can often be cost-prohibitive. 

The cost of entry is a bit higher compared to Detroit or Alabama, but the fact that you are grooving is awesome.I would add to talk with your family to discuss the amount of leverage you are comfortable with as you start talking to these new HMLs.

For a 30 year Conventional loan, I'm at 6.5% rate (6.808% APR) for a duplex, 95% LTV, 780+ FICO, owner occupant.And I'm assuming they're paying $2k of your closing costs - not your down payment.