Wanted to still be close to family but maintain a cheaper lifestyle, still have strong appreciation, and much better tenant/landlord laws, taxes, etc. 

Working with @Benjamin Carver or another good agent to help find and close on a deal will be the key. 

When I did end up closing on my first deal, reality quickly set in when I realized I now had to get to work to get rehabbing done in a timely manner.

@Somesh MukherjeeI would be happy to connect to talk about Cleveland, having a great team in place is going to be the pillars to your success.

I am working on my first BRRR, and am close to finishing up the rehab.  

Would love to connect with like-minded folks. 

Account Closed, I have not tried BB&T, but I will reach out to them as well.

Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties. 

If I do buy a house I'll probably be close to house poor with no extra money and probably won't have an opportunity to invest in real estate for a while since most of my money would be tied to my house/townhome/condo.

Purchase price: $122,000 Cash invested: $41,000 Value after renovation $175,000.Closing $ 31,000 Renovation $ 10,000 How did you add value to the deal?