Be ready for continuous learning and remember that networking is essential in this industry.

I'm sure I could go to some midwest markets or even some more depressed markets in my region and get better pricing, but that's out of my wheelhouse at this point in my life as I have no desire to learn new markets when I'm closer to the end than the beginning. .Sure, obvious but over looked.

And this LLC could be disregarded. 

I was able to secure $27k from them and $8k from our savings and the deal went through!

Quote from @Alon Saar: Hey everybody!

Quote from @Vince Scipione: Hi Terry and Welcome to this awesome community. 

Purchase price: $265,000 Cash invested: $40,000 3/2 1728sqftLake access What made you interested in investing in this type of deal?

Research market rents, carefully calculate expenses, and ensure you have a solid lease agreement.

Don't be so quick to indebt your paid off townhome until your learn creative financing and review all your options.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.