The last time in this house, the majority of the basement was wet. 

Anyways, my goal with this project was to get my feet wet, do a full on rehab, learn a lot and refi out most of the money at the end.

I have been a silent consumer of BP (I didn't feel I had anything to offer until I got started and my feet wet, and instead of asking my own questions I search for others who ask the same as I had to avoid repetition) and now I'd like to lean on the community for some input and start giving back however I can now that I'm into the process of my first investment.I just bought a property in Philly, an old house from the 40s (genrally speaking excellent condition) which has wall paper covering most of the house.

My dad works in construction, so I had my dad build a wall enclosing that part of the house, along with more of a wet bar and like a counter top burner.

Here is what my current strategy is:I have one rental property (SFH) which is getting my feet wet in residential property investing.

Do enough to "get your feet wet" if you feel the need to walk a mile in the property manager's shoes, but take your life back right away - don't make it a job.

I agree with Laureen Youngblood I've also installed one of those click type vinyl planks for a motel chain that's exposed to very low income clients, we didn't put glue before but once it's wet, it goes up, so we started putting glue, it solved the buckling problem, maintenance wise not a good idea.

This way, you can start to get your feet wet and along the way identify a broker you'd like to work for.

@Lee CruzPros to the BRRR strategy are getting your feet wet, dealing with the ins and outs of your first real estate experience, dealing with people on personal level, ability to cash out refinance, and reinvest.Cons to BRRR are dealing with bad contractors, under estimating repair cost, going over budget, unforeseen repairs, market trends just to name a fewPros to partnering I would think are (assuming they are more experienced, if not....then don't do it) learning from their previous expertise and experiences while having your ball in the game as well, ability to analyze the properties and get feedback, less likely to have unforeseen repair cost, more likely to stay in budgetCons to partnering are less cash flow for you, potential conflict if contract is not laid out precisely describing each members roles and expectations, I am sure there are more but thats what popped up in my head.Hope these somewhat help and best of luck!

Looking to get my feet wet in a flip to see if it's for me.