Tell us about your project. 

There's also a lot of potential appreciation on the horizon: the city is supposed be building a greenway on the block, there are a lot of construction projects in the neighborhood and a lot of new, high-end condos have recently completed construction a few blocks away.

The entire 2 flat project with an addition at the top took me about a year. 

I realize too I may not get November rent but I am willing to cut my losses early on and start this project out my way.

I invest in southside flips mostly and looking for a cheap personal living situation in one of the nice north side neighborhoods, since coach houses are sometimes pretty heavily beaten up in the nicer neighborhoods it could be a project I could afford and take off the hands of someone while giving me prime location, then eventually a rental single family unit type property when I move into something bigger. 

I have a friend who is a contractor my property is in Kansas City and we are in California I have family also in Kansas City. I trust my friend to do a good job should I send him out there to do the work what do you g...

We like to have a two year flip going along with other flip projects, to take advantage of the two year rule as often as we can. 

Jeremiah, here's my advice in a five-year plan so A) is patience:Year 1) start a single-member home-business LLC for FREE using bank bonusesYear 1-2) build a 720-800 FICO for FREEYear 1-3) season the LLC for FREE and target a 80 PAYDEXYear 1-4) save some cash by cutting back for a few yearsYear 4) study 10,000 properties for FREE and build a teamYear 5) target a small starter commercial project (4 units or more)using the LLC PAYDEX and 800 FICO when it's a buyer's marketrelying on good financials for the property more than your job6) rinse and repeat and SKIP RESIDENTIAL!!!

@CJ DeBerg I'm assuming you're not looking to do a value-add project for your first rental if you're looking to buy a newer property, so there, my advice would be to figure out your entry point of cost and what your appreciation target is and how long you want to hold it to hit it.

Hey BP!So it has been way to long since I posted anything since I started my real estate journey last June. It began when I bought a Cabin just outside of Gatlinburg and started using it as a V/R though Airbnb. Since ...