Also I’m afraid your numbers are very aggressive for example the rehab budget is extremely light for that scope of work no matter what part of the country the house is in.

You have to be extremely knowledgeable in the market, and I don't think you can do that unless you lived in that area recently, or you have spent a LOT of time studying the market in a particular location.Can you still do it?

I’m not an expert but 40% sounds extremely high and with an unfavorable rate .... mmmh !

Mike makes extremely valid points!

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I am a real estate professional and Investor.Born in extreme poverty in India..

Well once those people have exhausted their funds.

Thank you I’m Advance In Riverside County, CA  Step 1 find a banker - most are extremely busy these daysstep 2 apply for financingstep 3 buy property step 4 rent out a room or twoI reread your question. 

@Melanie Johnston this was extremely helpful I appreciate your advice!

@Arron Paulino you can withdraw contributions from a ROTH IRA at any time with no penalty, and those withdrawals are treated as contributions first, then once cumulative contributions are exhausted, and only then, is there considered a distribution subject to tax/penalties before the qualifying rules (retirement age, 5 years, etc.) go into effect.