As you've said, everyone has to start somewhere, and the worst that can happen in this scenario is me backing out (because there is not enough equity to profit on as I originally thought) or there is not an end-buyer in place (which won't happen to me, I have backups).

We asked a contractor, and the estimated cost is about 100K for such project.My question is that, if she go ahead with such remodel project, who much more rent can be generated?

But that might be tough to do if there isn't enough profit left in the flip once all the work is complete.

Shawndrika Hardie if you got your RE license you could earn referrals for those people who want to find rentals, or commission on buying and selling.If you want to wholesale try going to the county records office to generate leads

Hi All,I recently lost my home in a fire and was able to sell and profit about $90k from everything with insurance money.

Rather, you would need a viable business that generated income that they would extend the loan against.

When this transaction is done, I will be receiving $20,000 profit thereabouts (not considering closing costs, agent costs, etc).

ORDo you think it is better to sell and invest that money in something that would gain interest or profits over the next 7 years?

First, you can't take advantage of the economies of scale like you can in a bigger facility....meaning that as you expand, your revenue will increase faster than your expenses which will have a positive effect on profit. 

I am willing to sacrifice some potential profit in order to get my feet wet and begin to build my team.