Majority of the time rental properties are not something that will have an immediate return, putting lots of cash in your pocket.

Hey @Audrey Sommer, is this in regards to overall condition of the home or highest-best-use of a property for investing?

The key is not the number of properties.

I would like to 1031 exchange these properties into investment properties in South Carolina.

Since you’re based in NY, Detroit is just a short flight away, making it feasible to visit and get a feel for the market and the team you’d be working with.That said, I’ve worked with plenty of investors who have never actually visited and still built successful portfolios—it really comes down to having the right boots on the ground.

Would anyone care to recommend a bank, credit union, etc that will do a HELOC on an investment property?

Good afternoon,I joined this group after listening to Brandon Turner's "The Book on Managing Rental Properties."

Hoping to get help from like minded people.After lurking in the back ground for years, we recently started purchasing property in the greater Birmingham area.  

As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

Hugh, congrats on your first investment property!