And if anyone knows what a full renovation on a property in Pittsburg that is around 1900 sqft would cost, if you could let me know, that would be greatly appreciated.

Rates, closing costs, and points also play a huge role in making the right move and can save you extra.You also want to make sure you have multiple terms like ARM products, Interest Only, No Prepayment penalties, etc.If you want to talk REI feel free to reach out I enjoy helping when ever possible.  

However, keep in mind, it will likely take a few months to evict the tenant either way. 

But I know that finding the balance on the pro forma between the cost of the land/construction and the density of the development (which drives rents/income/cash flow) is always the challenge.

If anyone has interest in splitting the cost, please reach out.  

Once you take out the loan you make payments via your payroll every month.

The job is about 1 year, 3 months from start to finish. 

I'm a very conservative investor and may look through a hundred deals a month, and at the end of the year only invest in 4-5.

Building the right way the first time lowers future repair and capex costs. 

The mortgage payment on this house was roughly $1800/month so when we get tenants (or technically roommates while we're still living in the house) we figure we would have them split the rent evenly, or as a percentage of the house since someone could have the entire basement to themselves.