My view is that prices are higher than they should be and I want some ca$h to weather the next storm (and hopefully come out on top).If this is one of your first properties, I can almost assure you that it won't be a 'forever' property.  

My father is looking to sell our family home in Baltimore, Maryland. The house is old (1919) and needs some work. He does not currently live there (no one does) and he is looking to be totally rid of the property. It ...

@hat materials do you use for the heat resistance to adhere tile to? 

Their rents gets hit and here is the distinction between the average BP'er and Grant Cardone; he can weather the 8-12 month storm and/or reposition his assets with cash reserves, lines of credit, pooling cash flow ect.

The villages are one such story, where some scenic beauty, warm weather,low cost of living and a buffer from the hurricane blasted coasts will cause lots of retired folks to choose it. 

Receptacles intended for window-type holiday lighting may be placed under windows.”Even if more receptacles than the minimum required are installed in a room, no point in any wall space is permitted to be more than 6 feet from a receptacle.”In addition in more modern homes AFCI protection is required for bedroom receptacles/outletsand receptacles need to be tamper resistant (210.12 Arc-Fault Circuit-Interrupter Protection & 406.12 Tamper-Resistant Receptacles).Lighting Required NEC 210.7 (A)(1)210.70 Lighting Outlets Required(A) Dwelling Units.In dwelling units, lighting outlets shall be installed in accordance with 210.70(A)(1), (A)(2), and (A)(3).(1) Habitable Rooms.At least one wall switch–controlled lighting outlet shall be installed in every habitable room and bathroom.Exception No. 1: In other than kitchens and bathrooms, one or more receptacles controlled by a wall switch shall be permitted in lieu of lighting outlets.Exception No. 2: Lighting outlets shall be permitted to be controlled by occupancy sensors that are (1) in addition to wall switches or (2) located at a customary wall switch location and equipped with a manual override that will allow the sensor to function as a wall switch.

I believe if you pick your markets carefully, that over time you can weather anything.

The weather is finally starting to turn for the better here in southeastern NC.

I would think your a slam dunk at a bank.. but Visio is for real.and your smart to know that there are all sorts of fake lenders on the internet.good place to start is to see if they are licensed and then look up their license.. also dont let the tax dog wag your tail.. sometimes its best just to take your cash pay cap gains at these historic low rates then to buy something that is not going to do much for you.and if you don't get the benefit of no state income tax in Texas i would be cautious with that state prop tax's and other weather issues. 

I guess my question is, do I keep the tenants, forgo the rehab for a while and collect the cash flow of around 225 a month and later on down the road decide weather or not to extend the lease and rehab then and find new tenants...