Never lend far from home.If you don’t have enough money to lend locally in first position, you don’t have enough money to lend.

We're going to start attending local meet-ups again and stay active.

Have you looked into local credit unions or alternative financing programs?

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

., but there’s some good news for renters: local rents have dropped to a 3-year low, with decreases of up to $200.

Here in FL in addition to management I also broker for investors, and curate a weekly vetted STR list with local homes. 

or it’s better keep as is with small updates doneI'd start by speaking with an architect or local permit expediter, then someone at the City. 

Are you local to Richmond? 

However, my under writing due to the recent rate hikes shows large cash negative after a high LTV refi to extract the equity so I am not currently actively pursuing BRRRRS and I find this is true for many of the local investors that were doing brrrrs a few years ago.  

Find and attend your local REI groups.