(These numbers are the state's calculated projections.)It seems that, based on so many examples of Biggerpocket investors, if done correctly, I could come out ahead using something like the BRRR method and eventually be able to pull out my initial $49,000 and then repeat with another deal. 

In coastal So Cal there is the initial cash flow and the actual cash flow.

Repair Estimation/Budgeting - Ability to create detailed Scopes of Work & repair costs budgetsBudget Tracking - Ability to track your actual expenses against your initial budgetScheduling - Ability to create a project plan & track project progressChecklists/To Dos - Ability to track daily to-dos and checklists of items that need to be completedCalendars - Ideally all of your Schedules & To-Dos feed into a Calendar that you can use to manage all of your projects in one location.Document Management - Place to store project documents and photosHere are some Project Management tools that you might consider: Trello/Asana/Zoho Projects/Basecamp - General project management software that includes tasks, Gantt scheduling, calendars, project forums, document storage & team collaboration tools. 

From my initial conversation with the lender he said his interest rate would be around 7%.

I initially didn't consider purchasing it, but over the course of a week or two the idea came to mind.

Also, I clearly am very green to the whole process and don't have a CRM set up and was planning on simply using an Excel spreadsheet.

My initial hope was to invest in Canada to avoid complicated tax scenarios, but I know members of the BP community have had good success with cross border investing as long as it's structured correctly.I'm looking to work at least 1 more year overseas, but I'd like to start transitioning into investing over the next 12 months if possible to do so from abroad.I'm really excited to enter into this exciting industry, and hopefully work with some of the great real estate minds here on BP!

I have a three family property in Fort Greene Brooklyn NY that I’m working on and I need and architect that can handle some draftsman work.

Have you read David Greene's Book Long Distance Real Estate Investing?

We will start with the term "Green".