@Terrence Autry  Hi Terrance, I'm a newer investor myself with one deal under my belt and working on my 2nd. 

I think perhaps we have hit the over saturation point, and too much inflation, people are tightening the belt

@Charles Green- thanks - couple of ideas  1) depending on where you are  looking - maybe  try to locate  seller thats willing to take a  large  down payment and  carry a personal note for the  balance and  a promise to refinance / payoff the personal loan in 2 years    2)  do you have any possible  co borrowers that can  help with getting the intial loan and  then  you can  consider refinancing them  once you have  solid  income / employment history under your belt - good luck

I think realistically stabilized cash flow with the additional rooms would be ~$70k ($250 revenue - $180k total expense).Wondering what the group thinks as far as 1) is it worth pursuing 2) how could I finance a $1m renovation with 5 years of losses under my belt?

I wish he wasn't acting as a turnkey operator already and had some more experience under his belt, because there are definitely people who will get burned by his current strategy.

Some of the sun belt markets, along with the coastal regions, rents can be very volatile.

Go to meetups and build out your network and keep a strong presence on social media.It might behoove you to join a team at your brokerage so you can learn the ropes from more experienced agents and get a few deals under your belt while you learn.

Turnkey will work for me in the short term, which is what I plan to do, and once I have a few of those under my belt and understand all of it more thoroughly, I'll spend some time looking into syndications.But while I make a decent wage, I still would only be able to purchase two, possibly three, properties a year if I'm having to save $20K-$25K to put down 20-25% down to buy each one.

I am an experienced investor with 10 plus flips under my belt and a rental portfolio of 27 doors, but I have built it all with conventional or commercial financing or cash.

He had 3 pairs of sneakers in there and a belt with a metal buckle.