Assuming you have an accurate ARV you can't make a decision until you know what the rehab is going to cost.

It makes hiring a coach the worst financial decision a man can make.

ic_id=tsMortFSI love this quote at the bottom of the post, very applicable to Investors too, you just have to factor ALL the components into the equation:"Mortgage rates are climbing fast, and many people may rush into a homebuying decision as a result, hoping to avoid higher borrowing costs," she says.

If that decision bites me in the butt then I'll live with it.

Never make a decision when you’re upset, though.

might be a rental but the decision has not been made yet.

Maybe not the best decision but the cash I spent on it motivated me even more to take action.

The problem is (assuming as Aaron did that you're all in on this one), you aren't going to get 5-6 more of these for a number of years because you're over-leveraged.If you want to stay in the game, trade up.

The property, the location, the value of the deal, what they do, their credit, their ability to buy, the extent of and scope of work to be done, the cost of job to be done all paly into the decision.

Congrats on making the decision to jump out of the frying pan and into the fire...The real estate investing fire, that is...