I would also "stress test" your #'s when you are buying a property, as in can I still make $ if the vacancy rate in my area jumps 5% or you have to lower your projected rental income by $50-$100 month.  

I'm a 25 year old full time project manager and part time entrepreneur with a background in finance and mechanical engineering.

My current career industry is project driven and when there are no projects, there is no work. 

One of my group leaders is part of a team which has acquired some partially improved lots - the developer ran out of money much earlier in that project.

I would be tempted to tell you to do what is average for that neighberhood but your idea might just work if you do not misfigure your time allowed for each project.  

That project may have been a bit more than we were completely prepared for, but we're doing the work ourselves and will have a great equity return as well as good income.  

Now we can project how we need to get to 30, 100 Our multifamily experience has really helped us here.  

I think OC, for rental cash flow, either you need to do the specialized housing market like rehab homes, vacation rentals, or huge projects like apartment complexes.

We typically fund 85% of your total project costs, including 100% of renovation costs.

Hey Don, congrats on you house project!