@Stephanie MartinsonYou are in the “learn by doing” stage.

Currently in the learning stage, planning to get my real estate license within the year and trying to absorb as much information about viable options for real estate as a full time student with limited capital to get started. 

I am entering the stage of my business where I have 8 years experience, I have managed the rehab on more than 55 single family homes (12 in the last 14 months).

It needs the pier and beam flooring leveled, a new roof, some flooring, painting and a bunch of cosmetic work (I have gotten estimates), It's a corner house across the street from a park and elementary school in a B- or C neighborhood (comps are 80-120k).  

Gather honey vs kick over the beehive.Simple way to make a good first impression.Easy ways to become a good conversationalist.More relevant at this stage than learning to systemetize something that doesn't exist yet re: the 4 hr work week, but glad you are reading.

One of the problems you might run into, though, is that with the recent rate drop, there are a bunch of refi loans in the pipeline for all these guys and it can slow things down.While the idea of switching lenders at this stage of the game is not ideal, if it's what it takes to get the deal done, I'd do it. 

@Rachel Goldberg it is also important for you at this stage as it shows the seller and brokers that you are a prequalified serious buyer who can perform.

Yes, holding costs includes misc for both acquisition and listing (& marketing) costs + staging + 5% realtor fees just to play it safe.Yes,  budget is definitely super skinny... but we are getting labor done at her costs... plus my partner has factory direct sources for finishings from overseas (kitchen cabinets/fixtures/flooring/etc...) to hopefully reduce costs...

Hello BP family,I have been networking for the past couple weeks and came across a women that is in the stage of selling her rental property.

Link to Purchase listLevel of finish - similar to this : 538 s harvey ave , oak park , ILLink to Model homeAlso if any one is in similar stages of rehab and want to exchange notes on methodology , finding contractors , finding materials , Finish choices , please send a connection request , I am a big believer of sharing knowledge and firmly believe 1+1 = 4 .P.S: Even if you are not experienced and just looking for advice I am open to talking.