I was think 10 years is a good number but maybe I'm setting the bar low 

I've always been proud of the end product and while some are more profitable than others, I've always made money and even raised the bar for sales prices in the area.

Hi Jason Yahner .The AskBP segment has finished up - we did 100 episodes but started getting the same questions repeated...To start a conversation in a local forum, click Start a Discussion (Green button) in the navigation bar at the top of the page.When it asks you to select a forum, scroll down (a really long way) to the alphabetical list of states, choose Texas and then you will be given an option sub-forum to choose from beneath that main Texas Forum.

I told him not to and he said well its a 6" slab with #5 bar it will be ok.

The bar to entry is 3.5% down that can come as a gift and the seller can contribute 3% toward your closing costs.  

Welcome to the island scene, @Mike Demmitt . 

Of course my neighbor moved in just as I finished the project - they own one of the largest plumbing companies in town ...Remodel included : Kitchen: $6,500- IKEA cabinets $3,500- sink and faucet $750- garbage disposal $350- counters were concrete and fabricated by myself $1,000 - wood trim finish $500 (opened up the kitchen pillar and island)- coffee bar $400 - appliances were re-purposed from my fathers rental (free) valued at $3,000Main bath: $3,300- over-sized jet tub $600- vanity $750- lighting $200- toilet $250- shower tile $750- Instant hot water (main house) $750Master bath: $4,200- Glass shower $1,000- Vanity $1,000- Instant hot water heater $500- toilet $200- lighting $500 - tile $1,000Master suite: $4,550- Split unit A/C donated by neighbor, install $500- Kitchenette $1,000- Fridge $100 (craigslist)- Engineered beam $1,000- lighting $1,200- Custom door $750Demo/Hauling: $2,500Flooring: $9,000- Wood plank tile in whole house (2,000 sqft) $2/sqft material $2.50/sqft labor Plumbing: $10,000- main bath $2,000- master bath $3,000- kitchen $2,500- water system $1,000- kitchenette $500- miscellaneous $1,000Electrical: $9,000- main panel and sub panel $2,500- House rewiring $2,500- Can lighting $2,000- Well pump wire $500- Miscellaneous $1,000Drywall: $3,500Professional paint interior: $2,000Water system: $5,100- softener $2,000- carbon tower $2,000- Reverse osmosis $600- Pressure tank for well $500Back deck $2,000Insulation $4,000- Sheds $2,000- Main bedroom $2,000I'd like to note that I would not have renovated as thoroughly or with same high end materials if this was a pure fix and flip.

I am new to the REI scene, immersed in the research process.

Bar none.

It is perhaps the profession with the lowest bar of entry.