And you have a pretty solid income.With a credit score in the neighborhood of 600 you actually can usually qualify for an FHA mortgage (though you won't get the best rate, it won't really be that huge of a difference in terms of monthly payment).

Also take a look at what the competition is doing in terms of renovation, if you have the right pricing, an attractive property and a solid marketing plan you'll do fine.

@Jaysen Medhurst, who seems to be very knowledgeable, brings up a good point in regard to principal, interest, taxes and insurance (PITI) in terms of breaking it up. 

1 year of home warranty in terms of cost.

In terms of health care expenses, I find a lot of people stay in soul sucking jobs without exploring what it would actually cost to buy their own coverage.

What should my expectation be in terms of finding leads?

This gets a bit more tricky.Option 2: If you can find something that makes sense in terms of layout.

If it's a private lender it depends on how you decide to structure it in terms of how much they'll pay, if it's a debt or equity transaction, etc.

I have learned so much in term of fixing things up, and how be more handy than the average person/woman.

I like to think in terms of cash on cash ROI, since it is a way to compare to other investment options such as stocks.