Columbo, in his old raincoat drving his classic but not so mint show room condition car.

Good market to get in cheap and learn the business.Also lots of room to flip and rehab.

I would then consider living there and renting out the other two rooms for a couple of years to roommates. 2) There is a 700 sq ft garage/workshop (not connected) in the back.

So she actually considered it but was saying the house needed a lot of work possibly up to 10 grand.. the house is worth about 60 thousand but im very young (18) and super eager to get into my first property, am i setting myself up for failure or possibly success?

I want to buy a house at $150,000. lets say, thats after all the closing cost are done and this is the final price, we put 50k down and are now paying off 100k. 3 bedroom house and 3 baths, we rent out the 2 rooms for 700 each, how can this build me equity and what would be your next step to buy the next house to build more cash flow? 

It does have laundry but that just breaks even with the utility bill for the laundry room.  

We are planning on making the master bedroom upstairs bigger and include a master bath, along with extending the other smaller room upstairs.

I currently own one home which I rent (2) rooms in.

These numbers would give any first time wholesaler enough room to offer a good price to the end buyer and make a generous fee for their hard work.I would agree that anyone buying, selling, and negotiating with a bank fully understand the ramifications of their actions.  

Darren, you have some hogwash in that post, costing borrowers 25% more and a grand more due to the DF Act.