I intend to initially focus on single family and duplex properties that require moderate fixes.

It may be better to initially joint-venture with a partner or two, where you all bring capital, and you all are active.

I was unable to sell the property for the listed amount initially of 135k.

For what it's worth, I started out at age 22, the house was kind of dumpy so I did some initial, minimal cosmetic fixes and got a couple of roommates while I lived in the basement, which was not finished and served as a pretty powerful motivator to get it finished in my spare time.

The property cash flows really well for us but it is frustrating that our tenant is causing increased wear and tear on the property and breaking all the rules we initially set in the lease.....   

My initial feelings are mixed.

Repeat: If we can hit our target ARV of $215,000 then we should be able to refinance out all of our initial costs and get all of our cashback to do another deal.

After reading your questions and re-reading my initial response, I hope I didn’t paint with too broad a brush when it comes to the clientele for Class B-/C properties.

You just can't expect to cash flow on an initial purchase with a low down payment.

Do you factor in the 1% rule for initial asking price or for the ARV amount to predict cash flow?