So, back from the squirrel tangent.

I did search the forums a little, but went down too many squirrel holes before I gave up.

The high level risks are discovering unplanned repairs, anything that extends your timeline (since a decent part of your budget is holding costs), and problems with contractors.

LTV: 75% but let's use 70% as conservative estimate in case unplanned scenarios pop (i.e, appraisal comes in lower):Rehab: 25,000 Holding cost: 2,000Closing cost: 5,000HML cost: 45,000 * 10.5% = 4,725.

Hi folks, I've been studying the BRRRR method and would love to run this hypothetical analysis with you to make sure there's nothing I'm missing, especially with the added complexity with using a HML.POTENTIAL CONCERNS: I'm okay with the trade-off with less cash flow given my goals.I know it'll be a million times easier to go with the private lender route but I wanted to run numbers to see what it would look like using HML.I know it's going to very hard, maybe impossible to find anything with the purchase price so low but again, this is an experiment to make sure I understand how these numbers workREFINANCE / CASH FLOW ANALYSIS: https://www.biggerpockets.com/calculators/shared/593575/4c4d609b-475b-4c09-81a1-39f0280f291d ARV: 90,000NOI: 1,400Expenses (PITI + Repairs + Vacancy + CapEx + Utilities + Property Manager) : 1,300Cash flow: $100BUY + REHAB: Financing: I'll be using a HML that can finance 90% of acquisition and 90% of rehab. 10.5% interest rate on full note amount, 12 month term. 3% origination fee.LTV: 75% but let's use 70% as conservative estimate in case unplanned scenarios pop (i.e, appraisal comes in lower):Rehab: 25,000 Holding cost: 2,000Closing cost: 5,000HML cost: 45,000 * 10.5% = 4,725.

If that squirrel someone ran over could still talk, based on what it's experience, it would tell all its squirrel friends, not to cross the street in front of the cars. 

So you don't have to personally fix a leaky roof, but you do get stuck with the sometimes high COA fees or special assessments when an unplanned roof repair happens for the condo complex. 

Thereare holes in the siding that need to be patched and a hole in the fasciawhere squirrels and rodents are likely getting in.Exterior 7 The window trim and sills on the right side have moisture damageand rot and need repairs.Exterior 9 The exterior lights were not operable.

Due to unplanned circumstances, I am also in need of income right away. 

I am planning to spend 5 hours a week educating myself, 3 hours a week networking, and then the rest is unplanned as of right now.