I've been trying to read articles and watch videos to familiarize myself but lack practical knowledge for obvious reason.

CAP rate vs ROI : https://www.stessa.com/blog/ca...This site uses 50% rule for operating expenses, I've also seen 30-35% used - use your own judgement when calculating, depends on several factors like age of property, type of tenants, weather/location, etc.

I’ve got some articles about it in my blog.

You can read this article below to get a glimpse.https://www.hostfully.com/regu...2nd, find something without HOA.

@Shatavea Wallace First steps: 1) Find a lender - I recommend someone local, ask your real estate agent who they can recommend or start calling around2) Find a real estate agent if you haven't3) Have some cash for the reno (whether it is hard/private money or personal cash); no matter how you structure, you'll need some backup $ (how much depends on how large your project is)4) Read in the forums/education articles here on BP https://www.biggerpockets.com/...

Might be a great category under "REI Resources" or "Community".Maybe even an article or podcast on starting an REIA...

What you are talking about is coming from forums or articles that aren't real life.

Here is an article that covers it:https://www.firstexchange.com/...

Just came across this article about the successful EXP agent from New York @Fabio Costa!  

Hi guys hope these tips can positively help improve the quality of your property to get rented faster.https://www.payrent.com/articl...