For example, if you're living in a duplex, you're probably self-managing, and therefore don't need to budget for property management.  

What kind of 'truck' was that?

You'll have an advantage in properly budgeting/scheduling renovations and you may be able to pay a little more for properties, since you can get the renovations done for a little less.What are the prices of these kinds of MFRs in your market?

I have thought a lot about four options, one, buying land and building a house, I would get a prefab home and try to stay under 200k for an all-in budget.

On time, on budget, reliable, professional.

If you ARV is very accurate and your construction is on budget, it is usually pretty strong as a rule of thumb.

I walked out into the parking lot after the class and got into my dirty, messy truck and looked around at everyone else’s dirty, messy cars and trucks (it’s been snowing all week, every car on the road is dirty).

We went over budget by a few thousand dollars (Electrical and HVAC surprises.

My Realtor connected me with the contractor as well, who has been great so far.I'm looking at doing another BRRRR soon, but we're looking at $7,500 - $10,000 properties to allow for room with a larger rehab budget ($50K - $60K). 

They don’t know what they are doing yet) and then adjust the budget throughout the project.