But realistically we don't know how to do that.A couple things we were considering:**I heard about boots on the ground.

With the exception of the roof, just about every part of the house needs to be rehabbed (kitchen, bathroom, floors, windows, foundation, termite treatment, paint, plaster repair, insulation, electric and plumbing update) whether I want to preserve as a SFR or if I wanted to sell without a loss.I'm starting to wonder if makes sense to just tear down and do a new construction.

Have professional photos to boot.$43k purchase$70k reno$225k sale price$89k profitDM me your contact info and I can share more info.

New roof (2020)

These expenses include property taxes (school, village/city, town and county) property insurance, regular maintenance contracts for things like lawn care and snow removal, maintenance reserves for unexpected repairs to plumbing, heating, etc and for large expense items like roofs, painting, and updates).  

White coat investor and white coat investor boot camp.Don’t judge, it’s not only for doctors.

7% for both seems aggressive, unless the home is super old and needs new plumbing, electrical, roof, HVAC, etc. soon.

i have done 2 ..30k properties   in the past  4 years  here in Houston,Tx  area  , needed alot of work , foundation /roof / electric /plumbing ... big ticket items  , wasn't bad , becaue the neighborhood comps were in the 110k range    , after all said and done , listed and sold for 100k  , spent  on  rehab  35k / comm /closing 10k   came out with 25k profit ... 

I am finding even though you dont really hit the rules that are on BP. 1%  2% was 10 years ago.no income tax. and property Taxs half or more of other markets so cash flow is not as bad as some would think when you add that all in. plus late model houses which are all built with stucco siding and tile roofs and NO hail  and desert landscaping and soil that does not move..

Solid foundation and roof so cap ex is great.