The property needs to be renovated to achieve maxium cash flow.

The property needs to be renovated to achieve maxium cash flow.

It sounds like the general consensus is to simply save, save, save until it's time for me to buy.I did think of another option for buying in SB: Purchasing a foreclosure or off-market property for a deal and renovating it.

They are not fool proof, but they will stop the larger leaves from going into your gutters.  

Depending on your goals, personality, strengths and limitations make a decision that will help you meet your goals and build a team that is like minded.I will say this about turnkeys and deferred maintenance--when I buy a tk property it has been completely renovated so I like to hold onto it for about 5 years and then sell it around the time it is going to start needing updates and bigger expenses.

Fueled mostly by our enjoyment of renovating and turning a dump into a diamond as well as not enjoying the pressure applied by the recession!

@Luis Aguilar if you don't think you can afford a single family, then why do you think a duplex or larger would be possible?

(Addition, Renovations,  etc.). 

The house has been having a leak in the roof for some time and never been properly Renovated and the whole inside was plastered, you know what that look like????

When flipping or renovating, it's important to put your money in the right place.