In addition to this, a special score called the RPI is available alongside equity information - this can help a realtor decide if a property could be purchased easily from the current owner.

So, if you can find a way to either pay it down $34k or we often look at bridging the gap with a 2nd mortgage, you'll be in a better spot and get the best rates out there.Lastly, you will need to take the property out of the LLC, but because you're the sole member this is something we can do alongside the refinance and should be easy. 

But realize this will limit the details available to you, and will create more risk since any hiccup will be difficult to handle.4) Meet people.

Certainly you have the social skills to achieve your goals, moving up a few more rungs on the ladder from where you are shouldn't require a great awakening socially.It's not about salesmanship, it's about sharing knowledge, giving others opportunities to profit along side you.

Looking forward to working/learning alongside you all. 

If one tenant doesn't pay for a few months, it's a very minor hiccup.

I think if the real estate market in Charleston continues the way it is now, that you'll do ok and may even come close to your expected cap rate but if there's a hiccup or anything like 2008, you might need some deep pockets to stay afloat.  

One thing you may consider is finding an expert or a set of experts and investing alongside them instead of trying to do it alone from afar.

The good news is that it's not on septic system and is connected to the city sewer line, so I am relieved about that :) It could have been worse, but the price I paid for this house and the ARV once fixed one will make the small hiccups worth the added time and expense.

Only alternative is someone else taking over there lease without a hiccup in owed rent, that gets complicated though