I'm Pierre. Im 24 with a BA in FinanceI actually have not gotten a job in my field but went into soccer coaching for which is something I'm passionate about, I would just rather do that as a hobby rather than a means ...

The point was how low of a CAP rate would be needed to achieve that goal based on the starting point of available funds.  

Depends on the type of GC you're looking for.The guys picking up material early in the morning at HD/Lowes/Menards are unlikely to run a very tight ship or handle large scale jobs.

$8K seems low.  

I kind of feel it's a nice way to get my feet wet and like the low maintenance aspect.

Buying this low with cash, it already has equity built in.

Used to be more places but now seems HD and Lowes only game in town.

My advice:1) keep the 10k saved up2) Using a HELOC would be wise because of the low interest rate.

@Jd MartinInteresting to hear you don't buy your own materials - I can certainly see the upside to that.I prefer to buy my own materials when possible (mostly from Lowes as they are the most conveniently located) as I like the perks of that amount of money being put on my account.

Don't invest in Europe.It doesn't work like in the US.Prices are way too high, rents too low, they will tax you to death on rental income(Portugal is 28%, Germany is 40%) and there is red tape from here to Mars.