I’m in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property.

Curious thoughts on the following scenario.Current SFR with $51k loan at 8.125%, just purchased with around 10% built-in equity on the property, $250 monthly cashflow (post expenses).

I guess the idea is to use the equity from one property to purchase the second property, and so on.

There are other submarkets of Columbus like upper Arlington that have higher like $500 per square foot but the purchases are tear downs at $200 per square foot so the real exit is $300 or so.

Have you always invested in owning the parks, or have you purchased some individual mobile homes in parks you haven't owned also? 

Purchase price: $110,000 Cash invested: $45,000 Recently purchased my first house to use as a primary residence, currently I am renovating the kitchen and adding a full bathroom to the first floor.

I plan on moving forward with purchasing my first property and starting a portfolio locally -before the year is over..

I am 1600 miles away from three residential properties I just purchased in Jackson, Mississippi. 

Although the list may seem intensive, I look at it like this: The total cost of all these items can be much lower than the cost to repair a hidden surprise after purchasing a property to flip. 

My mother-in-law wants to help my husband and I on our first real estate investment purchase.