It’s in our nature to grow and learn through application and experience.

Now thinking on buying the next one, but it might be challenging due to low on funds, it might take awhile.

A investment of this nature only makes scenes if you can refinance based on the ARV and get all your cash back out.

Might be challenging but possible.History:I bought the house I currently live in back in August 2017.

It sounds like you'll lose some value based on the speculative nature of the properties that can be converted to single family homes.

I would definitely check out the Real Estate Events and Happenings section as there are usually several different events for local investors every month, and they're generally great for meeting people involved in different facets of the industry to build out your team.It's certainly challenging to find good deals nowadays in the area--there's a lot competition, and almost everything you'll see on the MLS will be relatively overpriced (and/or gone within days/hours of being posted).

Maybe I should have prefaced my question with more backstory considering the more personal nature of the replies.

A Guide to Modeling and Overcoming Analysis ParalysisI am a numbers person by nature and often consider excel to my second home for my 9 to 5 job and so I can relate to those who find themselves wanting to exhaustively model a potential property and the cashflows that could result.

Might have the same challenges being 2 hrs away as you would 4 hrs away. 

Hey Scott, you are finding similar cash flow challenges as many investors in the market right now.