If you want to know your max purchase price formula it's: ARV x .7 - Cost of Rehab = Max OfferBut the overly dramatic example I gave (sorry... but it can turn real quickly) is why you have to know that cost of rehab with some degree of certainty, or else simply asking what percentage of 65k would make it a great deal is irrelevant. 

I'm sure some trades require some basic understanding and community colleges and trade schools offer a lot at very low costs (especially compared to college degrees :) ).

On the other hand, keep in mind that there are costs associated with maintaining an LLC (such as the $800 annual franchise tax in California).2.

Join a LL group, your local State LL Association and hang out on BP.  

So many students graduate with degrees only to struggle their first 2-3 years in the real world in their career.

We have costs associated.

My wife found it on zillow but it did not have a price associated with it because it was up for auction.

South Dakota Multifamily Housing Association is a great resource and very reasonable to join.

National info: National Association of Home Builders NAHB.com, shows that construction materials 2019 price increasing 1.5%, compared to 1.9% in 2018.

In addition you currently get the tax advantages associated with having lived in the home.Good luck