Hello BP, I've found myself in a rather fortunate predicament and could use some guidance from experienced investors.I'll be coming home from a 10-month military deployment with approximately 100k tax free income in the bank.I've been feverishly educating myself on all things real estate investing and I'm confident that it's the best investment vehicle suited for me.There are a lot of options on the table, so here are a few parameters:- VA Loan eligible, but...- NYC resident with NYC residency requirement for work- Focused on OOM investing (particular interest in Rust Belt for a variety of reasons: Pitt, Cleveland, Cincy etc.)- Student loans paid off.

If you are confident that you can get the property to CAP out at 7.5-8% and the market is 4.5-5% that would be a good deal.

Becoming an agent does not provide you with additional confidence and knowledge.

If you are confident in your rehab numbers and can keep things on-budget that calculation could probably pencil well. 

It's all about the learning and confidence it builds.

More importantly, I am humbled and confident at the same time.

@Michael Carbajal if you were to do the work yourself, how confident are you that the house would be able to sell upon completion?

I recognize that everyone has to start somewhere, but in my personal experience of "failed deals" it was because of the syndicate group had too much confidence and not enough experience.  

Better to take the rent that you are confident you can keep, than to push it into grey territory and risk a lawsuit.

If you are confident in your numbers and your holding costs won't be too high, then this should be a good deal, but if you are even a little bit off on the ARV or rehab you could find yourself in a world of pain.