Update:First, thank you, everyone for your helpful advice. 

Any advice or things I should be aware of?

I feel like I am maybe overcomplicating this, but I guess I am looking for some advice on how to make this happen any advice or ideas are wellcome. thank you!

Talking to someone who knows about real estate in your area or a person who gives advice on money can help choose what's right for you.

Any and all advice is welcome!

I will likely be seeking advice here if I run into issues.Purchase Price: $155,000 (Down from asking of $175,000 to $160,000 and finally to $155,000 after higher rehab)Rehab Price: $79,900 (Original estimate was $60,000)Appraised value: $310,000 (Original Estimated ARV: $285,000)I am hoping to list it for $319,900 or $314,900 when the rehab is completed in about 7 weeks.This is so far my only journey into Real Estate investing and hope to do much more and learn to scale my portfolio quickly and get to use the BRRRR method when it is available and makes sense. 

I am completely new to Real Estate, and I am looking for the best advice to get started on the journey.

My advice is to not only look at the statics, but also think about what will separate your property from the rest in the area you choose.

Hi Chris,I appreciate the advice!

We purchased our home during covid and we have a chunk in equity, which we do not want to tap into. If we were to sell, we're looking 1.2-1.5mil.Our situation is we want to purchase another property for my parents to ...