Not that its impossible to get creative financing or that its bad to start investing I'm not saying that by any means at all the earlier the better but the safety blanket is small with no reserves for an expensive learning experience which in this industry is likely. 

Context: I live in COS but plan is to start flipping in Pueblo to build equity and experience.

I'd also recommend dumping the garages there's almost a total loss on that unless you are putting units above them on a dense infill lot for additional units it's not worth the cost of construction. build cost is pretty high for your market for three story suburban walk ups. we could never build at that price and make any money. suburban sells for 160k a door in our market with land. get on yardi make sure you Arne't going to lose money on it.

Renting by the room could yield $800-$1,000 per room, totaling approximately $2,400-$3,000 per month, depending on the property's condition and amenities.Average rents in Easton show one-bedroom apartments at $1,618 and two-bedroom apartments at $2,425.

So let's just say 8K total in fees added into your loan to save $450 per month or 5400 per year.

WOW,thanks for the info about the 6 months eviction period allowed for a purchase of foreclosed property in the state of Michigan. i am just getting started and this is a real BOMBSHELL to hear.

Simply put, there are a lot more co-hosts/managers like myself and yourself who got started self-managing their own properties around covid and are now afraid or unwilling to buy new properties at current prices/rates, but want to use their knowledge/experience to keep increasing income in the space. 

I’m just starting to explore the world of real estate investing here in the Bay Area.

I get more cash upfront, cashflow after my cash-out refi, and I net more on the sale because no realtors involved.Young family that the husband started a business 1yr ago so couldn't qualify for a mortgage, but they wanted to buy a home. 

He will tell you, INTER ALIA, that you want inspection, financing, attorney review, title review, insurance, environmental, and survey review.Second, get a GOOD home inspector lined up.Third, get your banker lined up.THEN you can start looking.Also, keep in mind that backing out of a contract must relate to the contingency being used, and can only be triggered AFTER a good faith effort comply with/fulfill the contingency.