Purchase price: $129,000 Cash invested: $5,000Condo we lived in and fixed up.

Purchase price: $2,400,000 Sold a single-family home and did a 1031-exchange into a 5-unit building at a cheaper price.

If you're looking at a debt service loan, 15% is the minimum for a purchase but it's much more common (and rates are better) at 20-25%. 

(IF you purchased and lived in property asap, then rented it out, then returned to it it sell it years later - better plan.

Good luck with your search/purchase!

I've purchased about 10 properties for myself and have always use my own broker.

Purchase price: $395,000 Cash invested: $100,000 Sale price: $570,000 Such a fun project!

And we usually replaced windows/storm doors and HVAC systems within a year of purchasing older units, and this has helped as well.

However, the LLC is grandfathered in, and so they are saying we would be able to still operate this if we purchased and managed under the LLC.Obviously a lot going on here, and I am still relatively new to this world (would be first STR in Nash).

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.