So this is why this is challenging, typically in these instances when you're also the operator, typically you may get 10 to 20% of the profit after giving a preferred return to the investorthis is why you are better off getting a loan and getting 80-90% financing and they include 100% renovation costs 

This includes halting the release of scheduled economic data reports.

If you’re struggling to source opportunities or just curious about what’s out there, I’d be happy to share what strategies I’ve seen working in today’s DFW market and point you in the right direction.There are definitely creative ways to break in — including options for house hacking — and I’d love to connect with others who are focused on growing their investing journey here in the DFW area!

Other states could include CA, AZ, UT, NV (I know that one is tough for most lenders).

Include property taxes, insurance, a vacancy rate (e.g., 5-10%), a repair/maintenance budget (e.g., 5-10% of gross rent), and a capital expenditure (CapEx) fund (e.g., 5-10% of gross rent for big-ticket items like roofs, HVAC).Know Your Rehab Budget: For your first one, keep the rehab simple: floors, paint, appliances, maybe a bathroom refresh.

But just know the numbers including what you are going to be paying with all that included to make sure you can make it to 12 months. 

However, keep in mind that in some states including mine (PA) that you get hit with property transfer tax twice.

My failure twice has been to not include the interest cost during construction. 

If  you're unfamiliar with Redding, CA and our area, I have included a website with highlights.

The others include: - Extraordinary personal services provided, regardless of customer use duration.- Rental incidental to a non-rental activity.- Property available during defined business hours for nonexclusive use by various customers.- Property used in an activity conducted by a partnership, S corporation, or joint venture in which the taxpayer holds an interest.