For example, a distressed house may cost 200k and if fixed sells for 350k, but it needs 100k in work so the spread is 50k and then work in all the holding costs and closing costs and if there is any hiccups you are under water. 

I am telling anyone that will listen that they should be buying houses now.

We had used Home Depot and Lowe’s, and the house was still not done.  

You can work with an accountant to work backwards and he can guide you of how much of a house you need to buy to get your income to the lower tax bracket / 12% / 10% / 0% bracket.

To find a house where the seller is willing to sell it to you Sub2 the existing loan you need to do quite a bit of marketing.

-it seems like you may be interested in house hacking. 

Should i use part of a home equity loan to put a down payment on another house to rent out? 

But no more than 1 purchase a year, so it could be a SFH I buy to do STR or Student Housing or a multi-family in a cheaper market.

1.Subscribe to the BiggerPockets Money and Rookie Podcasts2.Attend the FREE WEBINARS3.Attend a Meetup in Your Area / virtual meet ups4.Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy5.Peruse the forums!

Now Hurricane Beryl is coming and is currently tracking it's path to come right towards where our house is.