I am realizing the 70% may not be achievable but that does not mean it can not be profitable.

I wish I had realized that RE investing over time can be a forgiving venture more so than other investments.

We often see a 3 unit (1 commercial, 2 residential) selling for less than a comparable duplex and if the residential square footage is greater than 50% of the property you can still qualify for residential financing, which most people don't realize. 

The appreciation is a virtual return that is not realized until you access the equity that is generated by it. 

I realize that's not what you're thinking, Jimmy, but that's often how it is.

I've realized that the biggest factor that is helping me to limit the amount that I spend is the fact that I don't have a car.

If there's key information missing or some of my assumptions are wrong, just make some up.This is my first post - I tried googling this.As I wrote this I realized: -individual homes are normally custom built with the intention for the owner to live and enjoy that house, so a lone house being built to sell is unlikely. housing developments add scale

The other homes had not been remolded for decades but we proposed doing a modern renovation and the board approved of it, started off shaky at first but as time went on I think they realized we were trying to help the neighborhood and build a beautiful home.Definitely think talking to the board beforehand and getting to know people face to face helped a lot in this deal.Here are the numbers:$170,000 Purchase Price$8,000 Closing Cost$4,000 Holding Cost$75,000 Renovation (new: roof, siding, windows, front porch, back deck, HVAC, floors, kitchen, two baths, trim, paint, doors)$20,000 Selling Costs$315,000 Sale Price$38,000 profit.Some pictures, more can be seen on my website: kenbuyshouses.net

It's not just that someone is 80% leveraged, it's the limiting terms that can be risky for sure👍 YUP  and here is another one that many wont realize.. 

By the verbiage used in your post it sounded like this is what you received; however, I realize that the precise meanings of different terms can vary between parties if they do not know the formalities.