If rented in 2-4 weeks, you might have shot to rent it out. 

I follow the RI REIG online, I will have to give Black Diamond a shot.

Some folks might not have a mortgage, and some might have a large mortgage, and even though they might produce the same gross income, their net cashflow will be different.Over the past couple of years we've shot for gross income of 15-20%+ of the PP, but now shooting for 12-15%.

I moved here about a year ago, from Colorado Springs....RE investing is SUPER popular out there and I figured I might give it a shot here.

I was in this stage in my late 20s through my late 30s.Stage 2 is one where the investor, while still willing to consider some outsized risk for the shot at home run type returns, is more selective in choosing investments and less willing to utilize high LTV high cost loans without having a “reserve” of cash stashed away just in case.  

I figured I'd change ownership and income tax strategies in one shot for simplicity's sake and to save on lawyering expenses.  

HI Hai,15% Down or 85% LTC (loan to cost) is pretty normal these days.With experience, evidenced by exits on other flips/hard money loans/refinances from BRRR’s of 5-6+ in the last 3 years you could get more favorable terms like higher LTC’s (aka less down payment or high leverage).Prior to June 2022 when rates shot up to the moon it wasn’t unusual to see the best programs go to 90-95% LTC for the best qualified folks even on fix/flip money in the 6-7’s with pts.

My family and SO finally gave me the push i needed to give it a shot and so i made an offer on a single family in Oregon City, OR last week.

You can't possibly pay all cash for something and get your money back in any reasonable amount of time.The last line in your screen shot says it all...."...good luck!"

Inside worst spot:Outside worst spot (same spot as interior shot above):Second worst spot: