I'm only now getting to the point where I'd feel comfortable investing where I don't have feet on the ground and even then, I'd tread lightly.

.- Future CAPEX because rehabs where "light" as apposed to complete rehabs.

I was wondering if anyone had any advice or could shed light on the best way or ways for a young person with little money to start.

That I think is going to help change the landscape there when it starts renting in the near future.Congrats on your first project.

Can anyone shed any light on this?

Including gas, light, sewer companies numbers.

1) down payment of 3.5% with FHA or 5% with HomePath2) 2 appraisals if it's an FHA (one prior to renovations and one after renovations) ($1000)*0 appraisals if it's a HomePath as they don't require them3) general inspection $5003) pest inspection $2004) contractor bids if they charge for that5) moving costs up to $10006) furniture etc... up to $20007) landscaping renovations (not covered with loans) $1000

Could you shed any light on the current state of the market there and any recommendations for potential areas to target?

And they don't embrace the family landscaping, cleaning and painting projects at the rentals, ha ha.

Between hidden framing issues, hidden electrical/plumbing issues, code compliance issues (smoke detectors, firewalls, etc), nice-to-haves (landscaping, etc), it's very easy to go 10% over a hard bid from a contractor.In the future, I'd recommend that if you budget is $160K, you try to negotiate a hard bid closer to $130K, and then -- as Rick suggested -- have a secret contingency budget of $30K.