Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I recently came across a website called RentToRetirement.com, which helps buyers purchase turnkey investment properties out of state.I was wondering if anyone here has used this site to buy a property.

I see people purchasing new STR's here and others dumping their properties or converting into LTR's. 

I would try to buy properties starting at a specific date so not large ticket items come up.

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that? 

I can help with the refinance to pull equity out, but no the purchase, as 99% of the industry won't finance mobile homes. 

So if I’m understanding correctly, if you sell your home within 2yr of purchase, you don’t have to pay capital gains taxes? 

Hi Delroy,Congrats on your 2-flat purchase—exciting times ahead!

FHA loans require living in the home as your primary residence for 1 year after purchase.