The HOA is in good health, no pending litigation, and the unit itself will require $3K or less in repairs to achieve the estimated rent. 

Even if that costs $10k and you sell for $15k more than as is, that $5k profit could be a big headache to achieve.  

What are you trying to achieve?

May all your goals be reached and achieved. 

I’ve read all these books and many stories here on BP about people starting with nothing and achieving that level so I know it’s possible.

@Stephan Kraus I know the feeling, it’s hard to find reliable help around but I can achieve it, it’s still an uphill battle keeping guys working but, I have a good team of guys that have been there for me for years and I handle a lot of the work myself, I have crews for other stuff.

I never want my projection to be better than what I achieve (and so far, since running projections, they never have been).  

I've decided that it's about time to take the first step towards eventually achieving financial freedom after reading a few of the BiggerPockets books, practicing analyzing deals, and spending some time browsing these forums.

Bringing a partner in can help, but ultimately you are solving to make sure each of the following can be achieved:- All capital, plus healthy reserves are available to buy and renovate the property- A good deal that actually will make money- The ability to execute on the deal: construction skills, contractor contacts, etc.If any of those three: capital, deal, execution; are missing, you will not have a successful deal.

Heres the math I did to achieve that.