In the short term, I aim to replace my monthly income from my current entry-level job, I dont make a ton of money so this shouldn't be too difficult.

Apparently, they are owned by the 10x PM company and at this time we are inclined to work with 10x as our PM so it makes sense to consider the "Nailed It" construction company as long as I get some positive feedback here :-) 

Going to be challenging.

That's a factor to consider if you have children and want them to be in a good school district.  

Quote from @Bruce Woodruff: So that's 7 months......now investors will have to add a bit into their flip budget to cover the extra 3 months (or so) holding costs... will make overall costs go up though... 

Auctions are quite possibly the worst place to buy if you want to avoid repairs.

@Dustin Seager if you are buying with hard money, then you will have to put it in an LLC.

@Jacque Mihovk what can you buy with the funds available, assuming 20-25% down payment and financing the rest?

I am new to RE investing, and hoping to tap the collective power of this awesome group in starting my RE journey. 

Hi, I would highly recommend reaching out to @Michael H.