You will get sick of constantly cleaning and replacing carpet so that your initial savings will probably disappear.  

I better start saving from now for that dinner:).. 

Then, download the BiggerPockets Ultimate Beginner's Guide and start reading some more!!

I recently looked into direct mail, and thought if I could do it myself, it would save some money.

This means $1k a month will start going into my savings for my next investment.ARV=140K-150K75%=105KOffer=95K /30yr / 4% Interest raterepairs/build-out approx=10Klets say if sold in 2 years approx profit would be 20k-30KI will also be able to keep more of my personal income cashflow of approx 1K a monthafter the build-out and tenant is placed in.and that goes into savings that in approx 2 years will total around 12K to 24K a portion of that savings will build the ER funds to maintain the property.lets say also if halfway through it I decide to move out and rent the otheradditional 3 bedrooms this will grow a monthly cashflow of $1,600making the property cashflow approx 1.5K monthlywith this process I probably do a refi after 2.5years and utilizeit as a tool to continue future purchases.

I've saved up a nice amount and have zero debt with a retirement and decent paying job waiting for me after I retire from the AF.

I've saved up a nice amount and have zero debt with a retirement and decent paying job waiting for me after I retire from the AF.

Property taxes were included in the analysis - 3900/ year I believe I'm also a licensed real estate agent so will save some money on that endThanks for the feedback

I pulled over and took a photo of the sign to quickly save the info.

Welcome to BP @Bryan Chung Have you already read the Ultimate Beginner's Guide?