@Marek Berry i would recommend getting a 3rd part structural engineer to perform the evaluation that way the foundation repair company cannot refute the findings and you will get a true sense of where you are within tolerance or not.

As for full-time real estate agent you would really need to dominate your market to make enough commissions to then be able to invest.But then again, there are so many engineers out there that seem to be into real estate for some reason.

Are they going to cover your house if an electrical fire burns it down due to unpermitted work?

A side note is that my day job as an engineering consultant for arbitration/litigation disputes puts my legal risk tolerance higher than most, but I'm trying to avoid litigation unless it makes sense.

You must tear out any damage, you must treat every inch to get rid of smoke smell, and finally piping or wiring may not have burned, but it may have melted and need to be replaced. 

Hi all,I’ll keep this to the point as I’m sure there’s millions of posts like this.My situation: Soon to be college grad (May 22), chemical engineering job making 75K before taxes. 0 debt, 720+ credit score, and about 20K in reserves.I’ll be working in Colorado Springs, CO starting this summer and want to get some assets under my belt and there’s 2 options I see.Option 1: buy a small SFH for myself, live in it, then after a few years buy a second small SFH and rent out the other.Option 2: Try a BRRR but remain renting where ever I end up renting.Option 3: repeat option 1 but with condos instead.I have a good tolerance for risk but I want to keep things as hands off as possible long term.Background:I am familiar with analyzing deals, finding a good agent, etc., I was looking for deals (on market condos) for quite some time in MA while in college.

That is a big cash burn!

I spent another 250k getting to tonight's meeting  and I will spend another 125k on final engineering.. 

The ones that get burned trying to make C, D areas with too much risk and they get burned.

If you get burned, you remember it and are careful moving forward.