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

It's pricier than cold calling, but MUCH more time effective, and great if you have the budget.

The people residing at the auction property used their trucks to just drive over it. 

Always overestimate your construction budget and underestimate your ARV and make sure the deal still works when you do that.

As far as doing budget in terms of how much cash flow you’ll get, I try and shoot high with my numbers by also factoring in a Management fee.

One thought off the bat: how did you arrive at wanting "generates cash flow of roughly $800/mo" and what is your goal, budget, and plan to do so?

Your strategy and budget will dictate your where and what.

Budgeting to building a "work network" to making a checklist on they type of property you are looking for.Reading has become part of my daily habit, and enjoy exchanging ideas with people who are in the same position as us as well as people that are 10 steps ahead of us.Good luck with your success!

. $7200/10 year life span/12 months in a year= $60 per month for 1 item in a capex budget.

How can I figure out what is/isn't within my budget?