We spent $5,500 to update what was a 55-year, one-family-owned house.

I am 41 years old and I spent my best years studying to be a doctor.

How would I account for ($/hr) and document my time spent on the project.

Wasn't a problem with the lenders I work with... but I spent years assembling a network of investor friendly lenders. 

It hits the check boxs for me regarding CoC return and net income per door, but again, would like others to let me know if I am missing something by chance.

Jim, Haha D4D is rather time consuming I would say I spent about 6 hours the other day and got what I call "LEADS" haha but I would say out of the 200 or so leads there's 8 potential gems you know.... the ones with boards on the windows and tarp on the roof kind of ones.

@Braxton WilsonIf everyone saved more than they spent on a home warranty, they would go out of business so that tells you what you need to know.

I think your time and effort would be better spent calling sellers, not investors with rehabbed properties.

We have spent the last year saving money for our first investment property and absorbing as much information about real estate as possible. 

@Tracy SchultzIf you feel like you have spent enough time analyzing and studying/getting to know the market you are in, start writing offers on places.