Build up to $10k per unit (or whatever makes me feel comfortable)3.

That makes sense and seeing that you've used it to build up to 1,600 units, I can see that it's worked well.

I've done 3 live in flips and have always used cash on hand.  After I sell the 3rd which should be in a month or so, I hope to start doing side houses and flip 3-5 a year.  That got me thinking about all of the materi...

Water supply hose leak / rupture, drain hose leak / disconnect from drain pipes, water pump failures, etc.The paint build-up - that will need EPA RRP "contractor" almost definitely considering the age.I have a 150+ year old rental house.

Given the chance to build up and settle, it can become hard pack.

I can save pretty easy right now because I do not have many expenses.One of my main goals right now is to move out on my own, but I do not want to throw my money away every month by renting.The perfect scenario for me would be to purchase a low cost home or apartment and rent out one of the rooms to a friend and from there, build up plans for my future.The two main problems for me is my low income and my lack of experience in real estate.Is it possible for me to buy a house with this situation or should I focus less on real estate for now and put more focus on increasing my income?

I would let the cashflow build up a nice buffer.

Its best to build up the established neighborhood imo and then g ok to the vacan blocks.

My original intent was to buy, rehab and flip some properties to build up some additional cash before buying rentals but this house came up as a FSBO 3 blocks away in a hot area so I couldn't turn it down.What is the best way to accomplish this?

Either I: A) stick with Pharmacy, have a mountain of debt but a high salaryB) forget college, continue to flip until I build up a large enough cash reserve to purchase first multifamily and scale from thereC) get a degree online (something to do with business) while continuing to grow my REIs and scale up to multi family My goal is to move into large multi family properties and be completely financially independent by 30.