If you (or a significant other) spend every dime that makes it to your bank account, then the smart play is to continue contributing to your 401k.Your ambitions are good.

I grew up in Mass so I have connections in New England, which makes it an interesting idea.

Hi Everyone,
I am just finishing up my first BRRRR/House Hack, a two family which I occupy one unit and the tenant pays the mortgage) and while I made my share of mistakes it worked out great and I'm ready for my nex...

Listing agents already know how this plays out, they've been around a while, so they tell their client a story like the above, and in reality the client thus takes the $380k offer.You can in theory mitigate this reliability issue by paying the HUD Consultant and GC to do their thing ahead of writing your offer, this will run you over $1,000 a pop for each individual property you are considering, which typically someone that needs a 3.5% down FHA 203k loan simply does not have to throw around willy nilly. 

The typical reason is the value add or repositioning play. 

If you want to play in the portfolio world buying multiple notes at once then yes, there are large capital requirements. 

Yes, we all analyze deals but sometimes they get lost in the masses.

If you were in similar situation how would you play your cards ?

There are an so many variables that come into play that the contractor can't control or even predict.

I don’t play a part in credit.