Gerardo here.I'm a New Real Estate Investor from Mexico.I was reading about the latest news that Fannie Mae expects a "mild recession" in the next few quarters.Fannie Mae Expects a Recession as Mortgage Rates Continue to Climb—An Opportunity for Investors?

I mildly enjoy it, listen to some music, save a good amount of money, doesn't bother me at all but if I had multiple rentals and was busy I would probably suck it up and hire it out.

If you are looking at properties to BRRRR, I would recommend starting out with a cheaper single family home that could use some mild renovation to add some value and make it livable.Below are two example quotes for some loans I have started recently with lower-valued properties: 1 rehab deal, 1 refinance into a 30-year fixed (post-rehab).

. - Charlotte is one of the top 20 fastest growing cities in the country- The weather is amazing we have all four season and mild winters- Strong financial industry where many of the big banks have their headquarters.- We have people from all the states moving to Charlotte everyday about 113 people move to the Charlotte region every day to be exact according to Charlotte Region Business Alliance- Majority of the population in Charlotte is 25 to 34 years old, which is important because they are looking for a rental property.

It's also a great time for laying sod, as the mild temperatures and occasional rain help the new grass to establish without the need for constant watering.On the other hand, annual flowers and certain tropical plants thrive when planted in the spring, after the threat of any frost has passed.

Cap ex is what you would expect in the Bay Area's mild climate.    

Junk mail, junk email, text advertising, sales pitch robo phone calls.  5000 contacts = 4500 ignores, 450 mildly pissed off, 48 “lookers”, 1 real buyer, and 1 deeply depressed, almost suicidal individual who believes a random postcard means the end of western civilization.  

However, due to short seasons, and more mild winters, I'm struggling to think even 3-4 years from now that I'd pull anything more than $50K a year in rentals.Bills / property taxes are about $12,000 a year.The thing is, being single, and not really dying to work in this area (small town), I'm feeling rather stuck, as is all the equity.I'm currently not working, but very much want to move back to Chicago, a place I love, and start buying cash flowing properties.I'd suspect I would have about $900,000+ after all is done if it sold at $950K, considering the vast array of other things I've accumulated (wood splitters, machinery, tools, MCM furniture, rugs,).

Do the owners supply things like soaps, dishwasher, laundry detergent?

It's always a mild red flag with a home is selling with more bedrooms or bathrooms than reflected on assessor records.My recommendation to clients is usually along these lines: if you want to do an interior remodel without permits, go for it.