A good general rule of thumb that works for me is budgeting $20 per foot which would include everything down to silverware.

Those properties never made sense the day they bought them and debt service could not be covered by the rental income (if any).(2) this is the flat (linear) Memphis market and in neighborhoods where there is virtually no appreciation or depreciation.  

A good option to get your foot in the door might be to house hack and rent by the room.

It needs to properly sized for the square foot and the sun load and the amount of insulation in the unit.

Hey Kamari,House-hacking is one of the best ways to get your foot in the door of investing.

Can a 25 foot long 6"x4"x.210" 6061 aluminum association I-beam can span a distance of 24 feet?

It's also very rocky income, this isn't linear. 

I'm also in school to advance in my field, which could increase my hourly rate to $80 after two more years.I recently bought my first house, a 3-bedroom, 2-bathroom, 1500 square foot home.

I lent $225,000 of which $185,000 was for the purchase of the property and $40,000 is going toward renovations.As a lender I just want to get back my loan amount back (in this instance $225,000) if there is a total loss with the property.I have seen where a lender tells the insurance agent how much property insurance he/she wants based on a price per square foot calculation.On the other hand I have also seen where a lender tells the insurance agent that the amount of property insurance should be the loan amount in this instance $225,000.

So, it's bad business to lie and shoot yourself on your foot.