@Paige Kehoe cost vs time will be your biggest challenge!

Even after you have title, if there is a redemption period in that state, then you want to wait until the redemption period has passed before you make any costly repairs or upgrades. 

Here in GA it is a cash sale at the courthouse steps.With all the guru's and TV shows pushing "flip this house" and " a million mistakes were made and we still made money " newbies feel like they can't lose trying their hand at this stuff.In the entry levels flips new investors are overbidding due to lack of experience, construction materials are rising in cost, and contractors are in big demand so they are gouging on what they charge.

Hello guysReno got costly on this last BRRRR deal.

conversions generally don't work great when combined with a cost seg.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

If you're looking to do a fix and flip - you can get up to 90% of the purchase price and 100% of the rehab budget.

@Ahmed Aboelela When I’m unsure on the cost of something I call around to different vendors and ask for estimates on pricing.

Estimating costs comes easier with experience and working with the same people multiple times.

If there are no changes to the space the rebuilding costs should be the same.