If you pick a solid property in a good area with good schools, it'll appreciate - it'll be negative cash flow as a long term rental (unless you have some creative strategy or do STR/MTR) and you're less likely to have repair, tenant issues, crime etc.

This process can take a couple of months if the tenants are cooperative, but will likely take 6+ months and possibly over a year.Do you know if the tenants for the subject property are cash tenants or program/voucher recipients?

I would also only do this if both properties have solid appreciation potential.If it was me, I’d consider trying to get a HELOC on the first property and use the funds for a flip or a BRRRR so I could pay back the line of credit within 6 months and then go do it again.

Partner Driven and Traci Stephens turned a solid profit without the need for major renovations.

I also review the insurance costs and try to get a solid estimate of coverage expenses to fine-tune my calculations.

I'd say it's a good deal considering you are in a location you want to be with a solid asset.

I have a few solid people I can connect you with on the contractor side.

I’d just recommend reviewing the renovation requirements for the historic district since they can add time and cost, but the right team can help streamline the process.Good luck with the deal—sounds like a solid opportunity!

The product is real and solid, but getting to the finish line might be a little tough, especially on anything long term.

One long-term, one mid-term is a great hedge for more income.Six flips would be a solid year.