We renovated property doing all the work ourselves so I'm not sure if we can factor in our labor into the money we put into the property, not just materials?

The money making part though is the previous owners had built a detached studio that was mostly finished.

The risk here is what if I can't pull my money back out and don't get to cash out refi the amount I want.

I know we've all heard about wholesaling and how it can make you money and help get things started when you have little to no capital, so ideally I would like to learn to wholesale to start out then flipping and buy and hold etc.

Rachel left her engineering job to broker full time too.I'm happy to help you gain some confidence evaluating properties (whether it's BRRR, ADU conversion, or DADU development) and build your team (contractors, conventional lenders, hard money lenders, etc.).

Tired of landlording or looking to reposition the money or something else?

The RAFT money would better utilized in a case of emergency.

Again, if you are financing the rehab costs then this question becomes highly critical.There is good money to be made in expensive neighborhoods and also in low-cost neighborhoods. 

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the bes

Where is the money going to come from to make this happen?