Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

Its current projections are to bring in between 150k and 180k with estimated costs of 60k.  

No management costs as it would be self managed, and estimated property taxes by the average of the past few years.

Compare other rentals with a similar size, location and bedroom count to get an estimate of what the rent would be while you're living there.

When completing these deals with cash vs HML, was this cash that was rallied through family and friends, or accumulated through previous flips? 

It's a townhouse in Ohio, and as per the estimated financials, I could be looking at $400 per month in cashflow.Problem is...

Price out as much as you can in terms of materials and estimates.

Learn as much as you an about how to scope a property and estimate the investment. $50k sounds like a lot to you but with the price of materials and of qualified labor, it does not go too far.

If I rent it out, I'll be hiring a property manager because I don't want to deal with trying to manage it from out of state.Some numbers:Purchased with 0% down VA loanPurchase Price: 189KMortgage: 172KRate: 2.25%4 Bed / 2.5 Bath~2400sq/ftBuilt in 1992Zillow Sales Estimate: 280KZillow Rent Estimate: 2,100/moRoof and AC are less than 10 years old.

Any idea estimate on cost?