Thanks in advance for any input.

There are a number of other options than traditional bank financing, but really, if you're in this for the long haul and especially if you're looking at this from the perspective of a guy with some understanding of residential construction, you shouldn't try to fight the learning curve from the start with things like BRRRR, 3.5% down-payment FHA loans, all-cash offers with personal loans + cash advances from credit cards, etc.It's complicated enough learning how to run rentals.

Thanks in advanced.

Houston TX Zip 770582bd 2ba 1008 sqft with small porch and 2 parking spacesPurchase Price - $65k 2017 (plus $25k in full reno Includes brand new appliances + brand new split ac system)Current market value est; $90K- $110KRental income: $1100Expenses: $708 (Includes Hurricane Insurance)Thank you all in advance.

thank you sooo much in advance  :)

Thanks in advance.

Thanks in advance guys!

I learn best with examples, so an in-depth analysis and step by step breakdown would be EXTREMELY appreciated.I'd like to take a moment and thank you all in advance for your guidance!!!!!

@Dan Ruiz The auctions take place in person, but you can also bid by mail (assuming you know which property to bid on, and send in your bid in advance). 

Thanks in advance!