We work with a lot of relocation clients and when I ask many of them say, they had no idea, but they visited a while ago and really liked it.. 450k is about the most you can spend on a duplex here.

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

Spend a day at a Habitat for Humanity building a house.7.  

It’s just a gamble.  

I knew that most charities spend the biggest part of the donations on overhead and marketing and salaries of the top admin person/personal.

Meaning if there are partners involved, are you compensating your self for the time you are spending on management?

Or refinance for spending cash when it come time to retire.The advantage you have living locally is that you can buy a new primary residence every few years and keep the prior home for a rental.Good luck.

The last thing we want to do is make the house not pop from the street when we spent a lot of money on the inside, it's really the cherry on top.We use comps to decide how much to spend on the landscaping and how to style the landscape.

Essentially, you have to spend your own money and complete work on the property prior to reimbursing yourself out of the escrowed rehab budget.The draw process typically takes 5-7 days from initial request, to scheduling an inspection, and finally for the lender to wire those funds to you after your work is confirmed by the inspector.

Now it’s probably the Midwest,But my the time you get to the Midwest and establish a footprint and “street credibility” with the brokers and sellers another market may be strong.If you are going to invest out of area, you will need to spend “face to face” “boots on the ground time” there.