- You missed utilities in your holding costs- For your first rehab you should plan on a little more than 6 months, just in case- You might want to double check your tax number as taxes in NY can be pretty high- The biggest area where mistakes are made for new investors when it comes to flips and BRRRRs are in the ARV and the rehab cost.

Due to the high costs in San Diego and current interest rates, I would most likely only be able to put up to 10% down.

As for doing work yourself, you are a high paid SW engineer.  

We are already a fortunately high net worth family. however, that is from my spouses W2 income, so at this stage we don’t really have anything tangible to “leave behind” and we want to try to build generational wealth for our child. 

Rich information may be obtained from websites such as Realtor.com, Zillow, and local real estate blogs and forums.For out-of-state investors, investor-friendly agents are essential since they are knowledgeable about investment methods, have access to market data for the rental market, and can identify what qualities make a property a suitable investment.

Hey Robert, high appreciation will bring you the biggest returns. 

I have not heard of him but that doesn't mean he isn't a quality mentor.  

@Matan Paret  There are a few ways to appoach the start of your real estate investing journey and it is highly dependent on career path.

Also, I would highly suggest that you go in person with your application to the Municipal Building in Center City, it will take over 5 weeks if you mail it through snail mail.

Interest rates are high today, but do I wait and buy when rates drop or wait when prices jump?