Having a general contractor or experienced mentor to assist you in this is key to your success at achieving your expected return.

And yes, as I mentioned in my original post, the worst case scenario for a business (i.e. total failure) is a lot easier to achieve than it is in real estate.

I was able to achieve an ARV of 175k with ~125k all in, and a Cash-out Re-fi of 140k loan.

Out of interest would you care to share us the numbers on the deal, what you’re buying for, what returns do you think you’ll achieve, what expense ratio do you hope to run it at etc?

As mentioned, there are other strategies to achieve a better risk-adjusted return (lower risk, higher chance of a higher return) than SFH. 

One has used the lessons to achieve good success in RE.  

Everything that has been talked about on the Podcasts (guiltily have listened to over 12hrs of them in the last 2 days) made perfect sense to me and seemed totally achievable to me in some form.

Essentially, I have a business plan and model as well as annual goals I want to achieve.

I am a newbie to real estate investing, and very excited about starting a New chapter of life that will afford me passive income, and will allow me to truly achieve financial freedom!

What do you want to achieve as an investor?