We have all of the attractions for one and the snow birds that come down.

They can be responsible for all yard work and snow removal.

I love the idea of acquiring multiple properties with cash refi's and then use the cash flow to snow ball your debt.  

It was snowing in Philly this morning. 

Not so good for locals, but has a Snow Bird niche. 

My math I included the the cash flow return as snow ball to pay my debt back. 

We passed up a house that all the walls were crumbling, dirt basement,  outlets in floors, old fuses, etc..To top it off, it had just snowed and I about got stuck trying to find the drive which sloped down.

Hey @Austin Snow, dealing with Denver to get a variance is a bit of a headache.  

Taxes, insurance, vacancy, repairs, CapEx, shared utilities, lawn care, snow removal...At the numbers you provided, you are looking at a potential Cap Rate of 11% (assuming 50% of Gross Scheduled Rent goes towards expenses).

Before this property, I was offered some really cheap ones with fire damage/mold and a bunch of other things for alot less than $34K like $5000K in some city I have never been to or know of and farther than Texas with lots of snow in the fall like Ohio or Michigan but when I talked to other investors locally, they said anything less than $30K not worth it!