This means inspection objections, seller concessions, seller repairs, etc.Now that the market has softened sellers are more willing to consider FHA, so you should take advantage of this opportunity.

Because of our partnership-minded relationships with investors and desire to see each win and obtain their respective objectives, our clients often share their deal numbers and rehab budgets.

It's quality information and quality members.Yes this business requires Time; education; consistency; Follow ups; etc; but it does not require anyone to fork over $20-40K on Mentoring (esp if you're just getting started).I think a lot of us get caught in information overload and analysis paralysis; along with a few doses of the shiny object syndrome.Find someone that's actually doing the business in your area and see how you can help them help you.

It is all about what your end goal/objectives are.

I've been a decent land lord but reflecting on things where I've caught myself chasing after every shiny object.

My initial rough estimates - 8 total Units (2 per floor) Work Item Quantity Unit per Level # Levels Unit Cost Total Exterior Painting 238 sq. ft. 50 2.25 $26,775.00 Exterior masonry repairs 1 sq. ft. 1 25000 $25,000.00 New Roof 2500 sq. ft. 1 8 $20,000.00 Structural Stabilization 1 1 50000 $50,000.00 Flooring 10000 sq. ft. 1 9 $90,000.00 Demolition 1 sq. ft. 1 1 $150,000.00 Drywall 7500 sq. ft. 4 1.75 $52,500.00 Kitchens 1 Each 8 25000 $200,000.00 Bathrooms 1.5 Each 8 15000 $180,000.00 Doors and Trim 10000 sq. ft. 1 15 $150,000.00 Plumbing 1 1 60000 $60,000.00 HVAC 1 1 75000 $75,000.00 Electric 1 1 80000 $80,000.00 Interior Painting 1 1 50000 $50,000.00 $1,209,275.00

Rental quantity and quality vary depending on location, amenities, condition. 

What is your personal objective with owning property?

I've been communicating a lot with a potential partner, and we're very compatible (dispositionally and in our objectives), and we've built up a good deal of mutual trust over a couple of months, discussing deals in detail, etc.

The objective for private investors is typically to add value and force appreciation regardless of the price paid.