Keep in mind the costs for property management, maintenance, and vacancy rates to ensure you're budgeting appropriately.

I am starting with a small budget(100k-120k) so trying to understand which neighborhoods I should focus on, would love to get recommendations if you have :) I live south of the city and only like to go about 30 minutes away from home. 

Owner-Builder Construction Loan (Challenging but Possible)Some lenders offer owner-builder loans, but they usually require:✅ Strong financials (good credit, assets, low debt-to-income)✅ A solid construction plan, budget, and timeline✅ Proof of prior experience (renovations help, but formal experience is a plus)✅ A licensed contractor or project manager to sign off on the build2.

It’s crucial to build a solid relationship with your contractors, ensuring they understand your expectations and budget constraints.

I’m budgeting 45 to 50k on the renovation as it may need a few incidentals here and there. 

They just put a new roof on, so that's one large expense I can budget less for early on.

A major repair can blow your entire budget.

Partner Driven provided 100% of the funding, including the $45,000 purchase price and $92,049 renovation budget.

Have a solid rehab plan and execution strategy.Expect the Unexpected – Always have a contingency fund (10-15% of your budget) for those surprise repairs.Flipping can be a game-changer if done right.

Ensure they’ve successfully completed similar projects on time and within budget.