Everyone on here started at the beginning, but a willingness to learn and move forward with our desire to invest is what it took and sounds like what you have.

Finding and attempting to exploit the upside of an opportunity that requires $5-10K of your own hard earned money will potentially teach you more about the realities of real estate investing than all the dream merchant gurus combined.

Good day all,My name is Jon Roland and I am pursuing a desire to ultimately own rental properties.

In other areas, you may be able to get a lot for a little less but I would think it would be the rare - very rare - single family lot in a desirable area that would go for less than $450,000. 

Was stationed in SoCal, Okinawa, and deployed to the Philippines.An odd combo of a gym rat and a bit of a nerd.Compete in amateur strongman competitions.As far as my goals go this is copied from my profile.Task 1: Debt freeCurrently, I'm on the cusp of accomplishing my first task on this road and for me that is 100% debt free.Task 2: 6 month emergency fundMy primary occupation ebbs and flows so an emergency fund is going to be key for my financial safety and health.Task 3: Save up roughly 30kUtilizing the VA for the purchase of my first property means I won’t need a down payment but having money to invest and fix up that first property will go a long way to speeding up my success.Task 4: Buy and renovate my first multifamily property (BRRRR)My first property is up and running and providing positive cash flow.Task 5: Expand to 3 properties within 5 years still utilizing BRRRRGet those properties up and running smoothly and make them highly desirable.

There is no comparison in earnings in my world.  

The comps are out there to support coming close to the ARV that you are advertising if you look at just the lot size and square foot of the home, but all of those homes are superior in that they're newer construction with end-buyer-desired floor plans, have barns or extra garages, and some are even water front.  

In 20 years, that 250 credit equals 30,675. at 10%  interest. 3500 rental income puts a market value at about 30,000, that's 60,000+ as an earning asset that was marketed as a rental, say 35,000 but was probably bought for 15K.

She lists for $89,500 per her agent’s recommendation.Comps are $80k for 3 bed 1 bath ( I’m looking at $72k for my 2 bed 1 bath)She has zero desire to rent, wants it gone.

To start, we are all FHA financing a Multi-Family home in a very desirable location and are choosing to live there for up to a year.