I think the two most common avenues for beginners is either rehab and flip or buy and rent.

With what numbers you have there, if you are looking to BRRR then I would bet you wont make much unless you park a lot of cash into it and are good with cashing out your rehab money. 

Address is 7004 W.

Determined by dividing the sum of purchase price + closing (acquisition) costs by market value, a $100k ARV property purchased for $40k with rehab costs of $20k was acquired at about 60% of ARV......($40 + $20k = $60k) / $100k ARV = an acquisition at 60% of ARV)Recently, a beginner investor posted a need for 100% financing on a "75% ARV" investment opportunity, usually a viable candidate for private or hard money lending, with anything below 70% being better.

Morning BiggerPockets world.I am currently on the first R and trying to plan my renovation in a way that maximizes my appraisal ( as expected)...I have the opportunity to save about a grand on my rehab by having a used HVAC system installed. 

This allows me to use that money to continue to invest in more rentals and refi again (Buy, Rehab, Rent, Refinance, Repeat...

Hello BP Friends-I am working on 2 rehabs in South Philadelphia and looking for a metal railing fabricator in the area. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

What you will learn from YouTube (even if you are unable to completely address the situation yourself) are things like: what caused the problem in the first place (so you can prevent it in the future), what is the cost of fixing it yourself (as a reference point in the future to determine if it's worth hiring someone else to handle it), and basic diagnostic/problem solving skills relevant to whatever you are having trouble with.In regards to how to handle the tenant: It is critical that you set and manage expectations.

This option has the advantage of all of the options that I have seen posted in that it actually addresses the problem (no income taxes paid).I have made a significant amount of money via RE and have legally paid very little taxes on that money.