As I get more and more clarity here - I want a to be a business owner.

The chances of you actually losing every dollar are slim, but things can go wrong, namely messing up numbers and underestimating rehab.

You are a new homeowner I hope that helps and gives some clarity. 

Just want to add here for clarity's sake....when you refresh your list, you are actually pulling a new one with the same geography, same criteria.

We're here in Seattle and mostly invest locally- the Multifamily market is definitely competitive, and without factoring in value-adds cash flow will be slim on most properties if you use a non-owner occupied (aka rental property) loan. 

You may have answers to some of these questions already, but it is a good exercise to have some clarity on those goals, then you can forge the path to get there. 

If the deal is so slim that you've got to cut people out of it maybe it's not the right deal or a deal at all.

I don’t know if long term rentals are on your radar as well but there are slim to here ( this is why my fiancé and I are focusing on BRRRRs in the area).

@Maxine Kunimura the chance of them actually getting the work, is very very slim.