What if you dont do the rehab and spend the money on something else?

You have to spend $$ to maintain your license and you spent time, $, and effort to earn your license.

Why would you spend $90K (Purchase and Rehab) for a property valued at $60K?  

There are companies pounding my inbox that I should build out my brand, spend a bunch of money on videos, photos, design, Google marketing, affiliate sales, etc.... for a higher return and control of my own destiny. 

Experienced real estate agents and investors in an area know of the things that can impact the usability of a comp that less experienced people will often miss - (e.g. if there is a "historic" district within a 1 mile radius which would make using a comp from that area less useful even though it is within a mile) Having someone who does not have a financial interest in whether or not a deal gets funded review the property is a way to help pull emotion out of a deal.Also, we don't send evaluators out to review a deal (thus having the borrower incur an evaluation fee) without reviewing the deal with them before.

Review your policies.Dunno about licenses and stuff.

If that is the case, buying a duplex and house-hacking it would already bring down your monthly spending on housing.

You'll find tons of other places to review but some good summaries:https://www.realwealthnetwork.com/learn/best-place...http://www.businessinsider.com/the-20-best-cities-...

@Satish Subramanian Congrats and good luck with inspection and review.

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