She said she received an offer that she turned down, so naturally I got this number out of her before shooting out my offer.

I use costs I've actually incurred on the flips I've done and supplement that information with "The Book on Estimating Rehab Costs" by J Scott - a good summary of major repair components and their estimated costs.  

Homeowners in distress are naturally afraid of entities.

My wife is an interior designer (commercial, licensed) and father in law owns his own HVAC company... so real estate seems like a natural fit for my family network.

Possibly through the "BRRRR" strategy.Ultimately, I want to supplement my income and have multiple streams of revenue.

I am a risk taker by nature, but this seems extremely risky, borrowing money to borrow money (HML).

Naturally this makes the cost of Lubbock real estate lower, which in turn makes the rents relatively low compared to some other markets.

Now the beauty of it is this – while naturally he still needs to spend time doing showings, meeting with clients, etc. outside of those tasks he is able to get his “grunt” work done here at work.

It's the only type of fully passive investment of that nature that the IRS recognizes as "like kind" for a 1031 exchange. 

Im naturally motivated and self-learning, I didnt really feel like giving up the hour is doing much.