Only bad stuff happens fast...hang in there, keep learning, save money, stay with us here in the forums, and I look forward to hearing about your first of many acquisitions in the very near future.Rock on!

I created my investment plan which includes my criteria, lead generation model, and acquisitions.

If you don't currently have an outstanding FHA mortgage and can owner-occupy, go with that to finance and minimize your acquisition expense (3.5% down). 

My plan would be to keep the funds separate and use those funds to make normal mortgage payments (not refinance, not large principal paydowns, not acquisitions, etc.).  

Hello all, For those who previously worked in commercial real estate (e.g. acquisitions, investment management, etc.) prior to becoming an investor, do you think working in the industry helped you meaningfully in developing the skills and knowledge to becoming a real estate investor?

It's an acquisitions course.

They have been losing $70,000 per home when all costs were calculated,  -$10,000 when they only account for hard costs not including acquisition.  

So, for example, they might give you a loan for 70% of the acquisition cost of the property and also loan you 80% of the renovation cost. 

Your payoff is going to be for the acquisition loan amount plus the amount of rehab funds that were used not the total amount put into escrow. 

The equity raised between the sponsor and investors will typically be between 30% to 45% of the capitalized value (Purchase Price + Acquisition Costs).