Plus, I wanted to just knock out the entire rehab and then rent out each unit after it was finished. 

ARV = $220,000- $180,000Listed at = $99,900Projected offer price = $85,000Estimated Rehab $60,000 - $50,000Holding Costs = $11,000Realtor, Closing = $19,900Estimated After-Tax Profit = $22,000PROs:Brand New HVAC system with ducting installedBrand New thermo windows installed throughoutBeautiful hard wood floors on the first floor (need refinishing)Tall ceilings (has a drop down ceiling right now though)CONS:Only 1 Bathroom on 2nd floor, going to add a half-bath on first floorHas drop down ceiling on first floor and plaster walls Kitchen needs to be completely reconfigured and floor leveledI want to knock out a wall between the kitchen and dining room and make a kitchen with an island and either quartz or granite countertops.  

CM I feel like I can knock out in 2 years or less and from there find a rookie job under a developer hopefully.

I know its nice to buy occupied because income is immediate, but it almost seems easier to buy vacant and just be able to knock out your rehab without the headache.Any advice or strategy?

Hoping to contest the city this year on taxes and knock out 1k a year off because of some mistakes in their assessments. 

If you knock out the wall, opening it to the living room, what is going to happen to the stove?

The properties I am interested are so cheap that the settlement charges are nearly as much as the mortgage down payment and I was hoping to at at least knock out the cost of paying an agent.

If you really want to invest in RE as your full time source of income one day, consider working in the industry in an area of interest that will help you knock out 2 birds with 1 stone: you can increase your income AND get valuable experience that will payoff in the future.

All with less risk than if you buy a single family home and rent it out.One last piece of advise is to use a portion of the positive cash flow to knock out that PMI as fast as you can, while keeping reserves for maintenance.

I think it's a smart idea to knock out those student loans fast.