All Forum Posts by: Scott Pringle

Thank you all for your feedback.

I appreciate it

I am looking to buy a single family home to rent out and to hold for a long time, perhaps a couple decades. I am still studying about being a landlord/rental properties. I am much more interested in cashflow than appreciation. I have little over 50 thousand dollars to work with but with interest rates so high, it seems the numbers work better if I could buy a small house in cash but I know there must not be too many areas in the U.S. where I can get a house for 50-55K that doesn't need much repair work. I have looked at Toledo, Ohio and Youngstown, Ohio. Any other markets that anyone suggests? Or any other strategy on what to do with 50-55K in terms of rental properties? Perhaps Condo? I have not started the process of forming a team or even an LLC yet until I am sure I want to commit to doing this.