I'm not going to partner with someone who is not committed to "Partnering" (which to me is a joint effort towards a common goal--looking out for each other as well as ourselves).In a nutshell I am looking to be FAIR to the other person (as well as to myself) vs exploiting someone due to having an upper hand, and I expect the same from the other person.

Excited for this as this will be my first "Fixer-Upper".

Excited for this as this will be my first "Fixer-Upper".

Let's assume the base for mine is in the middle or closer to the upper scale since the condition is good and the location is top notch.In this case, however, the bedroom is actually a mini studio since it has a special entrance that other tenants would not use. 

Hi all!I'm looking to get started in real estate investing, specifically I'd like to build a portfolio of rental properties.  I was wondering if it's a good or bad idea to start off with a home that is somewhat ready ...

My primary residence/house hack in my home state was more of a BRRRR style deal but it was important to me that my first out of state investment property be lower risk to get my feet wet.A lot of what you hear on these forums is buy low, buy a fixer upper, but there is no shame in buying something more turn key style to build experience out of state, as long as the numbers make sense.

You can buy a Fixer Upper and move into it and two years later, as your Residence you can Sell it Tax-free up to $250,000 as your Residence.

There is a handy search bar in the upper right that makes it easy to find previous discussions, blogs, podcasts, and other resources.

Your rental estimates are definitely close, I'd say on the lower side of your estimate but the upper is possible.

BRRR deals typically require that you buy a fixer-upper with cash and then renovate it with even more cash.