Originally posted by @David O.

I was recently in conversation with a fellow investor who just started out, He explained his strategy for buying low cost multi-families is by using cash from credit cards when they offer o% for 18 months or whichever time period.

Jack O is 100% on-point with everything. you need to offload this one asap. take a (small) loss on it and reflect on what went wrong. good educational moment for your future RE endeavors. 

You may not have to, but it can be beneficial to have a ally o nearby in case a need arises.

I would find the contractors before buying otherwise o wouldn’t know how much it will cost to rehab i would also have an idea how much it costs for typical things so I could put in offer faster Such as cost to replace toilets Cost per square foot for LVP and install Cost for shower curtains and rod Cost for painting cabinets Cost for new kitchen faucet and installationCost for new fixtures in tub and sink in bathroomCost for resurfacing 10’ countertop Cost to paint inside 1300 square foot house with light grey walls and white trim Cost for new handles on 6 interior doorsCost for new handle on 2 exterior doorsCost of 6 new ceiling lights and installation Cost for 2 new exterior lights including installation Cost of new A/C system for 1200 square foot house Cost to have lawn maintained for 3 months while rehab is taking place Etc etc 

My daughter has gone far up the food chain at Intel and she LOVES her J O B and is highly compensated for it.. 

Let the buyer beware - and we so-o-o do!

My name is Steven Woods 32y/o, I'm a fire fighter in the Los Angeles area and new to BP.

The learning curve is expensive, building on an island is expensive and a lot o things are out of your hands like weather or COVID Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

MLS Fees, E&O Insurance, etc.