Some variables I've decided on are that we would prefer buy-and-hold investing, to rent out, and that we will continue working with average combined salaries around 80-90k/year, and am open to beginning with a duplex to get the whole house-hacking ball rolling.

Some variables I've decided on are that we would prefer buy-and-hold investing, to rent out, and that we will continue working with average combined salaries around 80-90k/year, and am open to beginning with a duplex to get the whole house-hacking ball rolling.

Or does this include your financing as the total you can put together?

Pity that all Wholesaler wannabes (including you @Jason Harris) don't get those sort of details POUNDED into them.

I would include a contingency clause allows you to renegotiate the purchase price or exit the contract without default if there is change in the income of the property.I'm sure you can have a real estate attorney draft something up quickly.Good luck,Makenzie

I only accept bids from my subs which include full turnkey work for their trade/portion to prevent just that, and prevent that I get a call that oops, the electrician forgot to include 50' of service wire, so I need to run to hd out of my own pocket, and then find a 49' piece rolled up on-site that he'll take with since it was too short anyway.

I do have a team in place to handle almost all issues, including local family in worst case scenarios.You know, I am torn between investing in high price areas as opposed to cheaper inland areas. 

The average ROI without a mortgage is 6-8 but that does but include the deductions and the fact you can use the place when you want to.

I have been in the construction business since I was 17 years old including those college years.  

Less than $1k/month including insurance and taxes is what I am shooting for.