Hey Ashley! 

@Ashley A Merk you can do a renovation loan on a 203k FHA with 3.5% downpayment or FannieMae HomeStyle with 5% downpayment and you can build your closing costs under seller concession, pending how big is the purchase price, as max seller concession is 6% on FHA and 3% on conventional.

@Ashley Wolfe as of now I have been finding all projects internally but I could see bringing in outside funding for future projects.

@Billy Barnes and @Ashley Cornelison My  best contracts have came from my title company.

@Ashley Massis Class Been there. 

@Ashley GoldAhhh. 

@Ashley Correa there are probably over 1,000 posts on that very topic here.

@Ashley Levy what you found is correct.

I found Charleston 6 years ago .. when one of the big TV Guru's wanted me to fund 3 fix and flips for him.. which I did.one off of Ashley close to downtown and the other two or in James island. the down town one did find the other two I made money but don't think he did.I was used to funding deals in the deeper south GA AL MS and when I got that appraisal on a 1000 sq ft bungalow on Ashly for 300k I was shocked to say the least in Jackson MS that's a 100k house LOL.. although here in Portland at the time price was the same.this got me very curious so I flew out there and spent 4 days and decided it would be a great place to do rehabs and infill rehabs.. did about 6 rehabs.. those can be tough there with the age of the homes ( we are right in Charleston proper ) Although my first one was in Old Mt.

Your repair costs should be closer to 8-10% for this property, CapEx 7-10% and rent is more likely around $1700 + What @Ashley Kehr said about your interest rate.