This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

The same money could buy 1-2 full properties that would rent for more, depending on the market you choose. 

However, there are other loans designed for fixer uppers referred to us hard money loans, bridge loans, or fix and flip loans but whatever you want to call them they're essentially short term, interest only loans with no prepayment penalties designed to finance a higher % of your purchase price and typically all of your renovations not to exceed a certain % of the ARV (typically 75% max). 

Its much harder to turn a property around in 6 months expecting to have 100% of your money returned back to you - but if you focus on the right property focusing on highest and best use with an ADU add (like mentioned), in-fill/lot split, or other rehabs - then hopefully a semi-decent property like that will perform like a champ in a few years. 

I lost money on that deal, but learned a ton. 

Keep in mind, you should have already had a conversation with the hard money Lender to know their terms and process, and be ready to perform. 

Do not spend any more money on wholesale courses.

If you feel bad and want to save people money, start with a free pre-screening.

To get things "shaking and my blood pumping again" lol as money is tight.

Hey @Erika Andersen I totally hear you in wanting to save some money and taking on the task yourself.