One of my properties was in the path of Hurricane Florence and while it thankfully didn’t appear to sustain major damage, there’s resulting water stain on the ceiling in the bottom floor.

I’ve been learning how to do different reno projects from watching and assisting in work being done in my parents house, watching shows on tv to learn some tips, shopping online for materials and learning the costs to get them done and installed, I have created a few extremely detailed budgets to familiarize myself with costs, I’ve studied a few areas I’m interested in and have been following their markets for years, and reading articles on different aspects of the business.

Flipping in any major city requires a lot of money. in Boston you at 500k to get into a condo. then 1 million for house or multi if your lucky!

Been reading many threads and have been looking around in the market for some time.The property in interest is a 3 family home fully occupied, will be seeing it in person soon but was told there are no major issues that needs to be fixed so I did not include repair costs.

The plan/idea is to take out a home equity loan (according to a Bank Of America online calculator I qualify for a loan of $25.000) and use it as a down payment for investment property.

This property is a major problem and a huge project, it is going to take lots of time and energy and stress.

major bummer. thanks for the reply david. 

Most undergraduates spend an inordinate amount of time taking "electives" that they neither need or add any value to their major. 

This was a major turning point for me.

I would try the bigger pockets calculators for buying a rental, and also a rent vs. buy calculator you can find online.