when you purchase a property, there are closing costs on top of the purchase price, and closing costs can be substantial - especially if there are points on the loan. 

we ran into this in FLA  a few years back when I had 4 starts and I exited that market.. permits  sub base all pretty tough for someone who is not there and already knows the systems hands down and has a devoted loyal sub base.. thats the key in my mind.

Done right just the first house will give the owner the ability to retire for life after the mortgage is paid. 

.$300K is the new $200K. 

Please give us a bit more info @Ryan S.

They’ll suggest how much rent they can get, they’ll do the advertising, they’ll do the screening.

I figured the PM would definitely be local to the area of the property and would need different PM's for each area, those were just the areas I'd like to invest in. 

They don't care about the 20 year old HVAC unit or a 10 year old roof.

Now that project is done, I'm re-reading the book to evaluate where I am now and what step to take next.2.

Hey Stepan, Some changes I'm advising and seeing my clients implement are expecting an extra 3 months of holding time and undervaluing the ARV just a bit due to high inventory on the market.