Study the value of other homes with similar stats to help determine what the ARV could be.

I might start by selecting a few possible locations that meet their target size requirement and then start doing feasibility studies, but those are going to cost money.  

My wife and daughter are going to school to study for their RE license, Should I get mine too?

Be sure to study up on how to appropriately use the funds in your LLC and for the sake of following the rules, try to determine what constitutes 'providing goods and services' to your IRA.

Make sure you do your due diligence and study what expenses on RE really are before you pull the trigger. 

Jason, if you're new to real estate I suggest that you really study the concepts of using debt as a tool and of tenants paying your mortgage.

i am studying for the RE license now. but not to work and make a living doing it. i want to list my rentals and get paid doing it. however, having a full time job, it will be hard/impossible to answer questions during the day. 

After all she had no idea how many hours I have spent studying planning saving ect to get myself in a position and mind set to even be ready to start investing.It will take time and patience to win them over.Good Luck

Leave your credit card in your wallet until you've studied. 

Basics about me:- 25yo and unmarried- $65k/year income (may be getting bumped up slightly soon due to a promotion)- currently studying outside of work to add some more designations behind my name (already have CFP, working on CLU and ChFC to expand knowledge)- about to purchase my first home and will be renting out a room to a solid renter for first 3 years which will cover slightly over 50% of PITI- I've generally been able to invest and also pay down student loans with about 35-45% of my pay since beginning my careerOnce I finish wiping out my debt, I plan on ramping up my savings by maxing out my 401k, roth IRA, hsa, and hopefully about 10-20k in taxable accounts yearly (currently maxing roth/hsa and hitting matched amount in 401k).