I replied it is a matter of different choices.

@Mathew Pezon how would I get bids from contractors before closing on the property?

Thanks, I didn’t know about the inspections until a week or so ago and I close in the next day or so on the property.

Choosing a market for your first investment should be as close to local as possible or you won't learn anything and will be too hands off.

Now, if I had to pay someone to do these things, that quote could easily double. 30k settings a little high, but I can see how some of the higher end contractors may want to charge that.My suggestion would be for you to keep the layout as close a possible to the original  can you do some of the work yourself?

Best way to become a TC is to get in the business and close deals yourself.

If I were in a tougher state I'd probably have to make tougher choices. 

Devon,Using equity through a cash out refinance right now is the best choice especially over a Heloc. 

My wife and two beautiful girls.Fun fact: In that same one day, I adopt a new member to the familyNot one with a diaper to change though- A new book "Zig Ziglar secrets of closing the sale."

find what you really like & don’t like about a home (30-60 days out)Step4: make offers on homes and negotiate the terms - by this point you should be ready to close and move into your new home in the next 30-60 days.Step5: get your offer accepted!