Essentially, we are not trying to make all our money on our first deal, but we are trying to develop the skills needed to make great profit on our 2nd, 3rd, 4thdeals.This deal is a Single-Family Home (SFH)Brick ranch3 beds1.5 baths1150 Sq Ft.In a B- neighborhood.Some numbers to start with:List Price - $99,000Purchase Price – $88,500ARV – $115,000 to $120,000Estimated Rehab Cost – 15kRental Rates – $1000-$1200Rentometer Pro say average rent is $1125 for this address.

Do what works for you and your skill set. 

@Leonard Wade McMillan Do you have the time, hustle and skills to BRRRR? 

Use the time you'll need to get the money together to learn about personal finance, trim your budget, and start learning basic renovation skills, including what you need to do for your bathroom and your kitchen so that whoever you hire to do it doesn't rip you off.

Most people are not skilled enough to pick a good property manager, in my opinion, and will only realize they have a bad PM when it's too late to matter.

Although this past summer I partnered with some people including a neighbor of mine who is an AL admin, to offer $3.5M on an actual skilled nursing/AL center, we didn't win the bid though.

But beyond the clear aesthetics, it shows potential tenants that they will be taken care of.  

We will not use "handyman" services for any skilled trades anymore.

I work as a site supervisor for a general contractor so I have a ton of skills/ contacts for subcontractors needed to complete the rehab process.

If you are lacking in skills and network then you need to find  a great deal to bring to an experienced operator and partner with them.