I started working early because i know my parents could not support all 4 children and I'm the eldest in the family so I usually use my own income.

Not sure if you structured the debt to support a rehab strategy or not.Keep us posted...this has the potential to be a huge capital gain, rehab or not.  

From my understanding these are SEC rules and what most RE crowdfunding, startup crowdfunding, and third-party verification services (ex: verifyinvestor) all use.

utf8=%E2%9C%93&term=parrish+postTry this – The 50 House Rule - Use the 50 house rule - look at 50 houses in the community where you want to invest Do not make offers - look at and tour as many houses as you can - 3-5 per day Keep a journal - keep notes of what the sellers and the agents tells you - determine the price per S.F. - this will give you an indicator and a comparison of prices in your marketing area.

If you follow these 3 rules, good renters will be searching you out.    

Using the 70% Rule, my ceiling is at $126k, and with a wholesale fee and transactional funding, my ceiling is at $116k.That leaves us only $24k to cover repair costs, and I estimate repair costs to be above this.  

With that much equity that may mean bigger issues that wouldn't support a mortgage.

Thank you all for your support. 

Does anyone have a rule of thumb on how to do the renovations without going overboard?

I primarily work with investors, I have built a team around me accordingly that can support anything an investor would need to get the deal done and performing.