I am an experienced construction manager/engineer in telecom, I was also a tradesman in my youth, so the estimating, and working with a GC will not be new to me, but I am need of seeing the whole process play out.

My day job is a software engineer but I am looking to expand my comfort zone and thereby work towards my financial independence. 

Maybe on a future post if anyone cares I will elaborate on my realtor/lender/contractor headache because it would be a lottttttttttt of typing haha.SPECIFICS:-list price: $75,000-purchase price: $70,500-loan type: conventional renovation loan - 5% down payment/have to live the property for a year-Reno cost: $12,700-Total price: $83,200-Cash invested: $9760Structural engineer inspection $450- Home inspection $350- Earnest money $2,000- down payment $4160 (5% of $83,200) closing costs $2800.- Appraised value: $124,000!

@Jeremy Keeler  Facebook ads definitely work- you can't escape the algorithm!

Architects and engineers are in the front line of growth. 

I even lived in my 4-door sedan for more than half of 2018 while I finished self-teaching myself to be a software engineer.2019, things are much different!

I quit my day Engineering day job 3 yrs ago via buying enough rentals. 

Purchase price: $100,000 Cash invested: $20,000 A foreclosure house my family purchased to house hack while I attended Texas A&M for my undergrad in Mechanical Engineering, I was a present landlord throughout college, now I'm a out of town landlord as my job took me to Houston.

@Elise Hazzard My 9-5 is in mechanical engineering, so not much cross-over there unfortunately. 

For this situation I would consider reverse engineering similar sold properties.