Start with an established team member in your desired out-of-state market.

Done right, college gives you tools to earn a much better living, doing something you enjoy doing, and expands your mind and thought process to improve your critical thinking and reasoning and realizing there's a whole lot to life, more than you'll ever be able to experience in your limited lifespan.2.

The state’s housing is also ranked as the fourth most affordable in the country.Alabama currently has the second-lowest average property tax rate in the country at 0.4%, which helps investors keep more of the money they earn.

  $225k profit per property...and your idle cash earns/saves high cost of borrowing (as you mentioned) and de-risks development. 

To me, this is one of those short-term deals where the actual rehab costs need to closely align with the borrower's estimates, while the execution of the project from beginning to end would require little to no problems or delays for everyone to earn a decent check.

We did increase rent after they vacated so if you have no tenants from the start you can start out with your desired rates. 

So why not if you have the desire to do it?

He earned quick money as a wholesaler, and I have a house to keep)Rehab cost: $20k (vinyl floor, interior paint, new dual pane windows, new toilets and bathroom vanities, lights, new landscape, new AC condenser, all done by handyman, spent some extra money for minor plumbing and electric jobs, hydro jet sewer lines, clean up attic (had mice), added some insulationTime spent: 3 weeks (two handymen for the first two weeks, one for the last week)Value after repair: probably around $440kJobs still need to be done later: some dryrots, roof work (it's tile roof, roof doctor quoted me $9k, handyman said probably $5k, home inspector said $15k you can get a new shingle roof.

Sell them all off next year when my earned income will be $0, or try sell Mayne 1 or 2 now, and then the other two next year? 

Yeah - the way we view it is that we have a "net" hurdle we want to make on the loan, but are agnostic on whether that is earned on the backend or frontend or a mix of both - but to be transparent and flexible to give the borrowers all the options (up to them if they want a high rate / low or no points, low rate / high points, or mix)