New Investor in Northern Virginia. Buy & hold. Qualified, help?

[Jessica Kelly]

Hi everyone!

We own a single family house in Northern Virginia. We rent out our basement (legally) and after saving up cash, we've opened an LLC, gotten prequalified (we can put up to 20 or 25% down on a house up to $500,000. We'd like to invest in the Northern Virginia area. Probably start small. I'm just having a very hard time finding a property where we'd generate any overhead. Is investing in NOVA buy and hold a bad idea? I don't want to just break even :( Any advice appreciated!