This is why passive investor’s biggest decision is who they invest with, because the sponsor can make or break you.

and figured out that you don't NEED to be breaking the law to make decent money.

The lender is the one that will make or break a 203k deal.

My calculations have me breaking even every month if I do the same.

On a 275k or 350k property would i be able to break even or cash flow with low amount down? 

Here it is...the year is 2007We are produce farmers FIL sells farm-we have basically zeroHusband under-educated /only job he ever had (46 yo)I took our lives into my own handsTraveled upstate (NY) Bought a house for cash WITHOUT TELLING HIM (425K)Ummmm-where the F am I getting that moneyWent to local mall with my 3 girls-called him from my flip phone to break the news- he fell silent BTWDrove back home (near NYC)Sold my house for 500k to a mansion owner close by (look up GLENMERE MANSION)Got my RE licenseFound my husband a job-he obvi couldn’t use a computer We are still in that houseWe’ve only lived in 2 houses I now buy houses regularly WITHOUT TELLING MY HUSBAND Because that sh*t is funny.

My monthly rents would probably be comparable to what the new apartments are asking for and decreasing the rent breaks the 1% rule.

We inherited a tenant that wasn't paying unusually high water bills, and ended up leaving and breaking the lease in September.

I’m an interior designer so one of my strengths is renovating properties that are eyesores without breaking the budget.I signed up for Bigger Pockets because I want to accelerate the rate that I invest and explore flipping properties. 

It would be terrible if something breaks and you don't have enough cash on hand to fix it.