We are looking to buy a house of our own and she asked for some time to save, so in the meantime, I was going to take some of my extra savings from sharing rent to start investing on my own.However, from day one, living in the house has been a nightmare. 

Specifically Troy (metro Detroit area).Just trying to soak up as much knowledge and experience as I can.

It's a slow live in flip or BRRR and many people do it with no explicit plan or knowledge of BP, it's just how they normally live.

Actually, that extra 800 is post-addition of a bedroom I realize- its now a gross rent of about 6000, which I still think is workable.

I don't want to always trade my time for dollars as I currently must do in my profession.On a recent BP podcast, they talked about the triangle of success in real estate being Knowledge, Capital, and Hustle (hard work).

If your whole sale runs you a extra 10K are you financially OK with that?

The choice is yours and the more knowledgeable you are about the real estate investment, the better your chances are of getting the kind of return you would like to see.Real estate is a marketplace, and caveat emptor is a time-honored rule.

Some of the rehab numbers I have priced directly and others are based on a wholesaler estimate (I have inflated those based on personal knowledge).

I highly recommend to hire a knowledgeable and proactive accountant who will help you take the most benefit out of the tax regulations.

Without Action, knowledge is not power.