Buy and renovate the property and in 6 months do a simple cash out refinance and pull out some cash and start the REI process all over again.I am North of you up in Pinellas County West of Tampa and there are also some great places up here that might save you some cash. 

I shot you a request.what are your thoughts on the North Shore?

McKinney is thriving, but so are other parts of North Texas, and a broader perspective could reveal other great opportunities.Here’s what I’ve observed managing a significant number of rentals in the area:Bedrooms and Layouts:3-bed, 2-bath homes consistently attract the largest pool of tenants and have the highest occupancy rates.4-bedroom homes have grown in demand, especially with the rise of remote work, as tenants look for extra space to use as a home office.Square footage is less critical than number of beds and baths.Supply and Demand:McKinney’s growth is driving demand, but the quality of the location matters greatly.

Sounds interesting if you have a email I can send you the info for a hard money lender I know since they only lend in texas, Colorado,  Georgia,  Tennessee, north Carolina and Arizona 

@Jacob Dalton - I have been a landlord in Chicago for 13 years and as an investor agent I have worked with 200+ investors on the north side of Chicago over the last 10 years. 

I personally invest in the North Dallas area (Prosper/Celina) where there is lots of growth in homes with nice lots.

I also have a hedge fund buyer looking for properties in Dayton, cincinnati, Virginia and north Carolina.

This in a desirable town further North.

Appreciate you taking a quick look but Steilacoom is a different market than North Tacoma.

Particularly I was looking at North Carolina, Georgia, and Florida... - what markets would you enter today?