Also, this article is great for demonstrating what it takes to protect your RE investments.

Upon passing these checks, we can use a state-based lease template or re-use one we've already adapted with our specific lease requirements.

Thanks Dennis, I think you're right that planning for a more conservative return would be a good idea.I re-ran my numbers at an even more conservative level:Lower ARV: $800,000Lower income levels (I'm assuming it will take a couple years to get up to full potential income, but giving myself 3 years was a conservative estimate):Year 1: 50k (NOI $1,000)Year 2: 80k (NOI $31,000)Year 3: 100k (NOI $51,000)My ROI numbers come out to:1% (year 1) 46% (year 2) 76% (year 3)This scenario seems like an acceptable risk to me, when the upside seems far more profitable.

I know so many good people in the RE space that I know I should be just fine. 

I am a newbie to RE and just my own personal home and some land.

Hi BP Community,I'm a new investor learning the ropes on analyzing RE deals.

Tough for anyone to beat that in residential RE (<5 units).  

That is a big move, and I wish you all the best @Maxwell Silva on your journey.In terms of a BIO, I would absolutely use your experience in the healthcare field as no doubt you probably contain the following skills:Patience - Working at the level the client requires (whether first time home buyer or experienced investor)Detail Oriented - Ensuring that every important detail is accounted forPeople Person - Putting the needs of others firstGood team player - Good at coordinating and working with a team (title co, lender, other Realtors, etc)Dedicated - Committed to meeting deadlines, and helping people accomplish their RE goalsThese should get you started. 

AS Mike stated its a very cash intensive business.So to me scaling a business in RE does not necessarily mean you own ANY real estate.

Small upgrades or re-leasing to market rents could boost your cash flow and provide additional funds for your San Diego purchase.If you'd like, I can connect you with a lender or help you explore potential properties in your preferred areas to see what’s realistic within your budget.