Startup cost: $30k - $150k

The low-end estimate covers essential costs like a down payment on a low-cost property, basic renovations, and minimal marketing. This includes tools like a basic home inspection kit, paint, and essential repairs. The high-end estimate includes a larger down payment for a more desirable property, comprehensive renovations, professional services (e.g., contractors, inspectors), advanced tools, and a robust marketing strategy. Hidden costs can include unexpected repairs, holding costs, and transaction fees. Online communities often highlight that while starting costs can be low, expenses can quickly increase due to unforeseen issues or upgrades.