What is your appetite for rehab?

What is your appetite for rehab?

What is your appetite for rehab?

FHA buyers have an almost wholly untapped potential with creative options and was one of the most suppressed avenues the previous two years for acquiring properties.

The question you need to ask yourself is, what's your appetite for dumping money into this?

That might alter the economics (and lender appetite) somewhat.Also, the listing broker owns the building and it has that kind of vacancy? 

My life's passion is not something that will generate significant (or any) cash and so I am looking to FI to be the way in which I can pursue that goal in years to come.I have no experience in really any of the subcategories of real estate but am thrilled to be learning quickly through a voracious appetite for reading.

After a few months of reading, this is what I have gathered:I would like my first investment property to be a duplex or triplexI prefer it is within 100 miles of my house, as I don't think I have the risk appetite and certainly not the network needed out of state (I live in FL)I own a primary home currently, however have roughly $90,000 in non-Real Estate debt that I would like to eliminate before investing (some from a previous marriage/some credit card/a car loan/student loan)I make decent money on my job, however my aggressive goal is to add one property (2-4 doors each property) per year, every year this decade.

After a few months of reading, this is what I have gathered:I would like my first investment property to be a duplex or triplexI prefer it is within 100 miles of my house, as I don't think I have the risk appetite and certainly not the network needed out of state (I live in FL)I own a primary home currently, however have roughly $90,000 in non-Real Estate debt that I would like to eliminate before investing (some from a previous marriage/some credit card/a car loan/student loan)I make decent money on my job, however my aggressive goal is to add one property (2-4 doors each property) per year, every year this decade.

In addition, cities can change their STR rules at the drop of a hat, so you want to make sure you understand the political climate in any area you plan to buy an STR to get a feel for their appetite to regulate STRs.