Have you done work to the property for ARV to increase since purchasing?

Purchase price: $252,000 Cash invested: $63,600First buy and hold.

Quote from @Laurens Van swol: We are exploring the possibility of purchasing an investment property in Florida.

Id like to put a HELOC on it or redelop it after a few years, the whole points of purchase is this is a booming downtown area lot of development rights etc, dont want to be in a financial structure that banks will frown upon. 

Hello all, I recently purchased a condo on the east side of Madison from a foreclosure sale auction.

Purchase price 70k currently pulling 900 rent ARV 110 - 140k, rehab about 25k 

If I sold, I think it would be by a hair that I can offload the property for the balance despite a tax value of $440,000, but it would get it off my books completely and free up my VA loan to purchase again. 

I am 1600 miles away from three residential properties I just purchased in Jackson, Mississippi. 

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Before that, I purchased property in Rhode Island.