I immediately printed out your template message and taped to the wall next to my desk.

I'd suggest buying a turn-key or light rehab as your first investment.

Can anybody shed some light?

I also noticed hypodermic needles on a desk along with an immense amount of garbage spread throughout the house. 

That would include downpayment, reserves, and honestly that would be very light, maybe for a property 300k or under.

I also wouldn't want to drive through Clark-Fulton at night to replace a broken light fixture.

In light of the recent 50bps rate cut, we're starting to see an uptick in requests for Freddie Mac SBL and Fannie Small Loan multifamily loan quotes.

I think expenses may be a bit light, especially 10k for initial improvements.

This is the green light to invest and custody themselves.

Rehab                20k        I funded it.My new client put 10k into the deal I require that when starting out with a new client.sold in  158 days  148k  Netted  134k  - 80k - 10k ( clients contribution) net profit  Net profit 44k  Minus my funding fee of 10k and my new client made 34K  on a light rehab.