Because I was of the  same view as Manuel Diaz, in terms of thinking that 500 K triple Decker in JP were a thing of the pass but would love to hear how your experience turns out.Personally, I looked at one last week before it went on the market in JP it needed complete gutted renovation work and the  asking price was 650 K.  

I would like to be a full-time real estate investor (the sooner the better, I am hoping for 3-6 months) but I also know it is hard work and I need help.

Make floor 3 artists studios where we give away the space very cheap to various artist to work and showcase their wares.  

So this is a very, very basic estimate.I know someone who put in three hours work and walked away with $7500.

What's the point in putting in all the hard work and finding great deals and learning how to estimate rehab costs when all I hear is that I don't belong in REI as a wholesaler? 

Currently I'm an IT Project Manager and I've decided that I'm not getting anywhere with hard work and the occasional promotion and I don't want to work in a cubicle for the rest of my life.

That line is typically hundreds/thousands of hours of study, research, hard work and experience.  

Several different models... google "water alarms" and "water sensors" to see some videos of how they work and photos of the different brands.Welcome to Bigger Pockets Kevin!

yes they usually are, but again it comes with more work and risk.

Wood destroying (termites, powder post beetles, acrobat ants, carpenter ants, etc) can wreck havoc and add up to costly structural work and other expensive stuff.