Total resale is looking to be $285,000-$290,000 which leaves us with about $50,000 in net profits after lender fees, closing costs, holding costs, and minor renovations.

The highly effective path to accumulating wealth in rapid time is the same, unhyped, path it’s always been:- Radically cut back on expenses by getting roommates, living in the smallest bedroom in the basement or attic for a few years, and househacking or renting cheaply.- Bike or walk to work- pack lunch and learn to cook.- Read a new business book or equivalent every week for years.- Amass liquidity as rapidly as possible.- Use that liquidity to purchase real estate or take shots at small business entreneurship.To more directly answer your question though, I think that the “live in flip” is one area that seems appealing right now, in Denver.

They can vary widely and significantly impact the overall cost of homeownership.

I have effectively spoken with 6 plumbers. 

As long as you factor in the cost of their removal into your numbers. 

If you like the location long term appreciation-wise, and think you may be able to raise rents and create cash flow in the near future, and aren't concerned with cash on cash return/ the opportunity cost of having money tied up in these properties as opposed to putting it to work elsewhere... maybe your main goal is just a safe place to park your money... then you might consider keeping them or even putting more money into them so that they cash flow (refinance with more down).

Simply leave a unit vacant, have your mail sent there, keep the address on your driver's license, and get a roommate to help offset costs.

Additionally, if necessary, you can opt for a practice test at and extra cost.

I currently have a rental Condo with 232k owed but valued at 400k+ in CA.Looking for a rehab rental properties in AR/TN and want to use a HELOC for rehab costs.

STAY AWAY FROM THE LENDER AT ALL COSTS!