#JustSayNoToInvestmentCondoshttps://www.yahoo.com/finance/news/desperate-help-young-flor... don't say no to co Gp ground up development of condos. get on the right side of the table and not being a consumer.

Buying a property in Los Angeles with a bad tenant is very costly and time consuming. 

It is worth mentioning that my journey into real estate commenced without any formal education in the field; rather, I relied predominantly on extensive research and avidly consumed the invaluable insights shared through the Biggerpockets podcast.With each venture, my interest in real estate investment continues to grow, fostering a profound desire to acquire more properties.

And obviously the better the script the better the results over time.Lastly, just understand the more distressed the list, the fewer calls/texts it requires to get a lead or a deal.    

The fundamentals of the question is whether to put down a large downpayment using a big chunk of equity to have a lower payment and purchase fewer cashflowing rentals or put down a low downpayment and buy more cashflowing rentals.

But as @Gino Barbaro mentioned, rural has its own challenges - fewer PM companies, lower rents, and less appreciation. 12-14% CoC isn't impossible but very difficult.

Since the property is there, I can only do investor loans in AL, but from a consumer standpoint you can do Conventional, FHA, VA, and USDA as a renovation loan where you take the cost of the property plus the cost of the renovations as your purchase price up to the value of an "As-Repaired" appraisal.

I’d reach out to some good local lenders as well, sometimes they have similar options with less fees and fewer qualifications (Homeward charged my client 1.9% of the transaction as a fee so kind of hefty, just fyi).

Also is he referring to consumer debt (credit cards, payday loans etc..).

I really like Ohio, but I would focus in smaller markets with 20,000 or fewer people.