That'll add at least an extra $6-8k, assuming I go the Ikea route.

@Cassandra LesaYou could of course go the route of becoming a real estate agent since you have a sales background.

The section 8 route sounds really reasonable.

I’ve learned from this discussion that the route that I should take instead is to find cash buyers and figure out what they’re investment criteria is.

First of all, if you want to go the "Hey I need a mentor route" OK fine..

For example, their guidelines might state something like 'The lesser of 70% of ARV and 90% of Project Costs'.We can work with your scenario, and I'll make some assumptions about the rehab cost, although you can plug your own actual rehab numbers in.Purchase Price: 25kRehab: 50kARV: 110kAt this level, 90% of LTC is $67.5k70% of ARV is $77kIn this situation, our hypothetical lender would fund $67.5k.Anything below 100k in loan amount tends to become difficult to find financing for, and you will want to be sure that the lender is still able to fund even if the ARV doesn't come back at the price you think it will.It might be worth it to talk to some investors who have done similar-sized deals in your area, and see which route they have taken to procure financing.Hope this helps,Michael

So let me try to motivate you now, and hope you take the SEO route as I did!

The area immediately adjacent to the intersection of Ct-72 and CT-9 is also not the greatest. 

If you can't find a property in walking distance from the beach in your price range, then you need to make sure you can get a property that has an easy route to the beach using a golf cart.

One company quoted me $1500 to set up an LLC, one told me do everything through Turbo Tax,  acquaintances who went through Legal Zoom are deferring me to this route as their LLC was not set up correctly and they are having to clean up a large mess, referred CPA's no longer with companies and many more bad/pushy sales gimmick routes that are not in line with my planI am a big referral person so I am starting here before Google or Yelp.