So many of these unlicensed broker FRAUDS AND SCAMMERS never talk about reality!

the reality is when you go look at a house that needs a full rehab.. that is a home that has been lived in by a tenant most of the time.. so when you buy that fresh rehabbed house and want to know what its going to look like in 5 to 7 years just look at your pictures of the house pre rehab.. 

You end up missing the greatest advantages of REI...the compounding effect of the returns and reinvestment of those returns, and...the reality that you can take all of your money out (cash you put in) of the original investment, and still be gaining the same (and inflating) returns on that original investment...exponentially.Sorry, but the Stock Market can't compete with a halfway descent REI Plan...but you have to have an actual REI Plan. 

Certified appraisals in PDF, tax and appraisal district information online, google earth, title information via county clerks online, comps via NAR or Loopnet/Costar, etc have made “virtual investing” a reality

In reality this could sleep 5 people in the room, however that doesn't happen very often, and the full size below the twin is used for adults on a fairly regular basis.

Louis in all reality I live 20 minutes from downtown on the Illinois side of he river.

Those that are not familiar with the typical S8 social standards may be in for a major reality check.

Theoretically, you could then buy the place, renovate it as you have been calculating and get it appraised afterward for a cash-out refi.In reality, you might find that the ratio you can get out of the costs to buy, reno, etc. versus what you can rent for when everything is done will not leave you any positive cash flow, even if you were able to get your original investment out of the deal.

As @Matthew Olszak stated your reality of expenses is way off..  

The reality is that there is a ZERO shortage of people looking for a good, affordable place to live, especially in the OC.So, 1.