Spent tons of time watching bigger pockets, Clint Coons, etc on youtube explain how this stuff worksTalked to some lenders ..... the money down and rehab costs would drain my savings on the first go.

I’ve become obsessed and I’ve been reading as many books as I can find (especially the BiggerPockets books), attending seminars, listening to podcasts, YouTube videos, etc.

I found Bigger Pockets through their YouTube channel and knew I had to join this community after watching my first couple of videos.

While researching the Cleveland market I came across James Wise channel on Youtube The Holton Wise Property Group.My short term goal is to purchase my first rental property next year. 

Sounds like some YouTube can help you out.

You can watch youtube videos on this. 

You want at least a 30% margin above costs and the NOI needs to be enough to pay the debt service after stabilization and then some.If the project looks feasible from a financial standpoint the next step is to check with the city or county planning and zoning department to get an idea if your concept will work, if you can build what you would like to build and what is required for all approvals including site plan, building permits, proffers, water/sewer tap fees, bonding requirements, inspections, setbacks, lot coverages, parking requirements, height restrictions, C/O process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.

I maybe using wrong terms, please excuse.Full Disclaimer, I have been watching too many youtube videos and biggerpocket podcasts to come up with the below plan.1.

I will talk about it on my YouTube channel and make a video about it releasing the free calculator. 

The area is not really the best but little by little they are building brand new homes right next to older ones and the neighborhood is transforming.