Are you wholesaling full-time or do you have a W2 job?

The purchase price is $626k, with one unit delivered vacant, unit two currently paying $800 a month, and unit three paying $700 a month.My question pertains to the inspection report I have received, which states that the roof has around 5 years left, and I need to replace the drain iron plumbing to the street, which is estimated to be a $10k job.

In last few years we have all spoken WAY too much about acquisition and far too little about operations, namely this cap-x factor, knowing the #'s.

My wife and I have a regular W2 job so any cashflow made would just stay in the properties bank account for repairs and maintenance.  

. - my financial situation: in a W2 job making about 40k a year (been here about a year).

So, most are working a w-2 job full-time in addition to real estate investing.

Also, how frugal can you be with the $185k W-2 income, could put X away towards the reno each month - it sounds like a longer-term project, so that could build up over time Yup I would personally never lend on a job like this mid project.. you dont know if it was done right if all the vendors are paid etc..

Also want to make sure you can operate your intended types of rental there.

That cashflow will be held in operations acct to fund a DADU or an eventual duplex or triplex in place of the home.

Great job Jennifer, glad to see you overcame the discouragement, its a very hard thing to do.I'm curious about your off-market sourcing, did you cold call for this one or was it a byproduct of your normal real estate operation as a broker?