No amount of ROI is worth massive amounts of headaches and stress.

The key is to take massive action to generate leads.  

The bedrooms will get new flooring and fresh paint.Other projects planned for this rehab:- Replace a window- Replace the front door (possibly the back door too)- Massive amounts of cleaning- Update smoke detectors and add carbon monoxide detectors, new locks, window treatmentsThe closing date per the contract was to be no later than March 31, 2015, however the title company is having issues getting the required information from the HOA, so we may need to extend out closing a couple days.

The big plus of the 1st floor room is the concrete slab which will minimize vibration transfer to other units and noise.

I am looking to keep this one pretty simple with stained concrete or tile (whichever is cheaper) with carpet in bedrooms and typical average finish out besides some granite counters.

I would definitely keep your day job until you have a concrete plan to move to RE full time.

This is really something easier to go over with a concrete example if you can give everyone numbers.

The task will involve installing a few vertical wood beams on a concrete base.

And whoever says you need a massive marketing budget, or you can't do consistent deals doesn't GET IT either.

Despite what every get rich quick real estate web site or spokesman will tell you, real estate investing takes a lot more than a bit of capital.I heard some numbers once and they seemed reasonably in line with my experience.For every 1000 properties you see online, you will look at 1/10 (100)For every 100 properties you look at, you will make an offer on 1/10 (10)For every 10 properties you make an offer on, you'll get one accepted.As you get more involved in the game these numbers get a bit less unwieldy, but when you're first starting out you'll have to overcome a massive learning curve and time commitment.Remember, everyone who is encouraging someone to start personally buying real estate is selling something.