@Dmitriy FomichenkoYou are right about 7% return in the 401K and have been considering REI in 401k since joining BP.I am not sure if RE is at 20% if I start now, with the rental @ 0.5% of RE value, higher down payment and high interest rate. 

We have seen a few done but the rates were 15%+ and min 5 points which to me is very expensive, but it makes sense due to the risk as most people who need them are in dire straits and are over leveraged. 

Make sure you're accounting for the property tax rate differential for investment properties in SC - if you're going off of primary residence tax rates for the property (4% ratio), then the investment property rate (6% ratio) will likely be about 3x that amount.

With rising interest rates and the widening wealth gap, first-time homebuyers are by locked out of the housing market, it seems long-term rental demand is solid but of course it would be important to get quality tenants in the better parts of town.

Competitive interest rates and fees?

My house is paid off but I’m at a dead end job and would really like to start building more wealth. 

Quote from @Alex Ng: Hi im looking to flip houses here in SoCal.

Interest rates and down payment requirements have a great deal of variance between owner occupied (primary), 2nd home, and Non-Owner occupied (rentals). 

I purchased a pretty decent paint spray gun, to paint the whole inside of my house. 

If you have 2 very similar houses priced the same on the same street the nicer one will win.