I don’t necessarily come from much so I adamantly believe it takes money to make money in real estate.

Never flipped before.If you take out a HD loan and say your construction estimate comes in at $100k.Eventually the actual estimated construction costs only cost you $90k.When you take a draw does the bank give you money based on receipts/invoices?

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

It will get more complicated if you're borrowing money. 

But we us cash, hard money, or investor cash.

If you can find a good enough deal to do some cosmetic upgrades you might be able to make decent money selling to a first time home buyer, or maybe turnkey rental investor.

Unless you need money out of this property best to let money build up for your next upgrade and/or repair.

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An example of this would be mixing your personal money and LLC money in the same bank account.3.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best