Check out some of the calculators and run your numbers a few times to get a more accurate picture.

We know we bought in an area of rising values but his expertise on the timeline for a more expensive rehab based on rental rate potential was valuable.

@Joanne Lo Just starting out, it may serve you well to partner with a more experienced investor which will add credibility to your business model.

My husband and I are in escrow on a new primary residence that cuts both our commutes in half, is in a more established community, etc.

From a more non-RE Specific place, can a self-employed individual working from home office write off housing expenses?

At this point in my sales position, that net of 24K/annually + my sales job would put me in a more comfortable place.

I would look to a more profitable venture.

That will give you a more complete understanding of things.Good luck.

I can do the 25% down and the renovation with cash but would prefer not to and find a more creative way to finance the purchase and even hopefully include some rehab in the loan.

It would take an unlikely and unreasonable effort to match their results in very brief amounts of time, though they are the first to tell you that their results can and will be repeated by investors time and again.But recently, I've come to adopt a more grateful worldview.