Your better off spending a few hundred somewhere where it can help.  

You can find distressed off-market duplexes under 120k and SFH under 80k in B to C-class areas.

.- Try to find off market deals for way cheaper (e.g. using hard money, then refi into a rental loan)- Try to find properties where the owner will finance a big part of it and you get only a small loan with higher interest rates for the down payment.- Get a property subject to where you take over payments for a loan with lower interestfeel free to reach out and discuss some ideas

These folks often have "pocket listings" and different FedEx route opportunities, both on and off the market: https://capitalbbw.com/categor...Best to do your homework, and the first year is not the easiest, but once you get the hang of it, it's well worth it.

Depending on the extent of the rehab, you can hold off on the rehab until the unit is vacant and not increase the rent as much (ie wait to pay $50K in rehab for 2 years and not increase the rent $200).

-Ant Ant,Really appreciate this response and it gives me confidence that my thought process isn't off. 

You have to really work hard to find property off-market, or you have to change how you buy to make the numbers work.

While we do not base our fees off job value the bigger and more complex the job the more service fees you will pay for labor and time involved for Corrections and or revisions.

You must have three years of possession to burn off all redemption rights.

In hind site I would have performed underwriting for a tear down and compared the two but suspect I would have gone with same decision because my underwriting on rehab was so off.