Study the materials needed for passing your states real estate licensing exam3.

To accomplish getting more time, one could use credit cards and credit from large box stores like Home Depot to buy materials on 30 day credit, but the labor is going to likely need to be paid right after completion from the contractor.

That amount of a deposit will just about cover materials and dump fees.

Clearly purchase price is too high, the HUD consultant gave contractor labor & material market quotes.

Your contractor could video chat with you while you take the call from home and explain the materials and installation method.

And because you're in Texas, you should definitely branch out to Oklahoma.However, and this really isn't directed at you but rather those in states like California, I think that too frequently people focus on that too much to the point that they miss killer deals everywhere.I live in San Diego and sure, California seems to be tough, but I don't think it's nearly as tough as people think it is.For the most part, if landlords treat tenants in California fairly -- which every tenant should be treated fairly no matter where they live -- they're not going to face too many problems.Even at the height of COVID, it was the slumlords that were having trouble collecting rent.

@Sindy Zheng I know that this isn't a book, but adventures in CRE is an amazing website with an expansive library of educational material regarding underwriting and modeling.Also if you have any specific questions I would be happy to reach out!

There are numerous methods and ideas on how to go about the actual letter which I recommend watching/listening to some BP material to see what works for you.

Tough ****.

As for first-time investing, it's tough to find deals out there right now but still possible if you think creatively and have some money to actually work with.