That sounds like an exciting venture!

When I first ventured into the Austin market, I teamed up with an experienced investor who helped me fine-tune my analysis skills.Remember, everyone starts somewhere, and the best way to learn is by doing.

Non starter for your venture.. 

@Greg Dickerson I plan to contract out the exterior and DIY the interior.

Point of the post : Over time, I have taken the DIY route on a majority of my properties and have learned a ton in terms of trade work.

The system is completely DIY.

If you’re looking to build REAL wealth, then leverage of one type or another is necessary.Debt is one type of leverageSyndicators leverage investors capital as equityStart up companies leverage Venture Capitalists investments in both equity and debt.The real estate investor has 3 distinct “cycles” with debt leverage1st stage is debt secured by real estate but also personally guaranteed and often cross collaterialized2nd stage is debt secured by real estate but liability not personally guaranteed and recourse limited to specific property.3rd stage is debt free If you own units in a syndicated real property investment and the investment is leverage by debt you may not think of it as YOUR debt because you’re a passive investor, but your investment is encumbered by debt the same as property you own individually IF you haven’t personally guaranteed the debt.  

Don’t get too bogged down with just one property—real estate provides great opportunities for expansion, so keep looking ahead.Wishing you the best on all your ventures moving forward!

You could try and itemize the invoice and DIY the cost seg for the bathroom reno.

My first venture was a fix-and-flip turned rental in Angel Fire, NM.I’m eager to dive deeper into real estate investing and am especially interested in adding more investment properties in the Santa Fe area.