First step is always the most challenging one.

I'm seeking how best to manage the disproportionate expenses during the initial phase of rehab.

Let me know what you think about this strategy or what steps to take before submit an offer..

That would be step one. 

This is why it is so important to have those sample properties from step 1. 4.

Say 60% of UPB good for the next 12 months, which should yield something like a 20% return on my initial investment (10% of UPB cash return / 50% of UPB initial investment). 

I am also completely new to the process of purchasing a home, and I’m not quite sure what my first steps should be.

Our next step is to pull equity out of a property an use it for our next purchase.  

I was thinking about holding the 17K to help me get a hard money loan so that I can do a deal, but I starting thinking that maybe my first step should be to get my debts down so that I can do deals without the worry of them not getting excepted because of the debt to income ratio.

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