In progress Lessons learned?

Still in progress.

I'm going to look further into another tenant and see how things progress.

However, this assumes that your rent is fairly steady from month to month. 

@Dave Fulkerson Congrats on joining BP community and on your RE investing progress!

Being there for the entirety of the project is a waste of your time...maybe checking in every now and then (once or twice a day) would keep them honest and allows you to monitor progress. 

Purchase price: $135,000 Cash invested: $50,000 Sale price: $293,000 This was not expected living flip in progress during first 4 years working full time job.What was done:- full kitchen remodel- replaced all plumbing- new duct work with insulation- relocate and redesign fireplace- full 1st bath remodel- add 2nd full luxury bath (double shower, bidet, radiant heat)- convert sun room to 4th bedroom with radiant heat flooring- replaced all windows- upscale woodwork inside- repaint whole house inside and outside First 4 years forced equity and another 4 years market bring us another surprise with icing on the cake (market going up).This year 2019 decided to cash out hard work and moved out from IL to another state TN.Planning to fully enter real estate game here in Knoxville/Maryville TN area.Currently looking for my primary residence here using cash out from IL.

See below for some quick data I threw in a spreadsheet.My ideal area has steady population growth as well as steady job growth and low unemployment.

Doing the slow and steady approach to real estate buying 1 - 2 properties a year and overtime replacing salary income with rental income.

My concern is the average rental price is around $1 a square foot as of now in the area so renting out to a single family may not net me enough to profit on it in the future (of course if home values remain steady).