If I'm reading the rules correctly, under 10,000 square feet, RH lots are limited to 1 unit/2,000 with maximum building coverage of 85%.

My limited experience suggests that it should be around $230-$240k, but I'd sure like a second or third opinion on the matter.

Best way to offset this is to pay any credit cards before the statement cuts so they report zero balance and try to raise the limits thus lowering your overall credit utilization.

For a tech to do these things, it would have been probably $100 for the truck roll each time, and $50, $50, and $10 for the parts, respectively.Every year or two, I also cut the power to the outside A/C unit and hose out the coils with a garden hose. 

That gives me some negotiation power.

Limit your exposures and variables by staying local.  

Our thoughts were that 50k would give us about 250k in purchasing power (20% down of 250k investment).

Please keep in mind all of this is just my opinion based on my very limited experience... so keep that perspective as you read. 

We stay within city limits on the southside. 

in most states as long as your felony is not financial you can get a real estate license I woujld do that.then work for a top producer and learn the trade.. do his or her busy work share commisisons.I have seen many apprentice for 3 to 5 years then strike out on their own and end up doing quite well for themselves.trying to be a real estate investor with limited financials is a pretty tough thing to do with or without criminal backgroudn