@Cody L. thanks I am worried with my margins being bad that I will just break even or worse. Any experience with buy abs hold timing??
Depends on where you're at. If you're just starting, I'd say jump on a deal even if margins are tight. You will learn so much that whatever cash you make is just the whip-cream on the sundae.
I had no CLUE what I was doing on my first few flips (bought at auction). Hell, one of the first places I bought I coudln't get in (doors locked and you don't get keys at auction). So I crawled though the window. Well wouldn't you know, when I got inside there was a family eating dinner in the dining room. They were looking at me like "wtf are you doing?". I said "Uh, I bought this house. What are you doing here?
So yeah, if that was my start to RE investing, you'll be fine. :)