By the time a new investor like myself finishes analyzing the deal,  some big investor probably has already bought it with cash and started getting his/her resource lined up for rehab work.  

For instance I have multiple 3br/2ba homes in the same area, but some have a garage so I add typically an extra $75 to that rental and others have a finished basement so I might add $50 to those monthly rentals.   2.  2-3 hrs might be a lot to manage yourself.  

The finished product will be to sell retail.

We may hold and rent them when they are finished.  

LIFE-CHANGING ACTIONS here.STEP 1-20.You need to get you personal home rent-ready... not overboard updating, just rentable... clean and painted etc.Fix any leak faucets, loose doorknobs etc NOW, so that when your PERFECT tenant moves in, they won't be calling you to fix those.Put in new 5 Year Lithium Battery (write the date installed ON THE OUTER SHELL) of SMOKE DETECTORS (draw faint red stripes across the front outer shell of smoke detectors-- red means fire or smoke-- when the smoke clears (if the house didn't burn down) it's ok to reset the smoke detector and finish cooking dinner.ON CO DETECTORS (draw faint gray stripes across the front outer shell of a CO--teach your tenant the gray stripes mean DEATH-- if that alarm EVER starts beeping, they are to immediately raise windows , open doors and call you---even if its 2am--- A REPAIR MUST BE MADE or people can DIE-- little children and elderly go first

Know I'm going to potentially have one of my buyers step and and finish off the deal ?

I am finishing up my third flip in just over a year.  

In 2 days, the roof will be finished and she will have to close escrow. 

In 2 days, the roof will be finished and she will have to close escrow.

I just finished remodeling my kitchen and I learned a ton and I'm ready to begin working on an investment!