In order for me to move back, you would have to a) lower the COL so that I could really make money, and b) turn the state Red again.....both of which are unlikely, but I appreciate the offer!

Hi Michael - I live in North Myrtle Beach now in an area called Barefoot Resort.  25 years ago, one individual, who happened to own a small, 7 shop strip mall on the beach-side of the intercoastal waterway known as Barefoot Shoppes, crossed the waterway to acquire 2600 acres of, well, nothing.He brought in Dye, Norman, Fazio, and Love to build four golf courses, and we now have 4000 residences between single-family homes, typical 3-level multi-family, and three towers overlooking the waterway.  

Just joined this forum last week and finding it super insightful.My offer on a home just got accepted last night and was looking for any advice from seasoned investors - I have 10 days from now to do an inspection and finalize everything so I wanted to ask if there were any red flags before I go all in.The home is 190k, 7.5% interest rate, 30 year mortage. 

Is anyone a member or participates in the events hosted by the Red Stick Real Estate Investors Group?

I have about 60K in Heloc money I could use to purchase land lot in the Red River Gorge of Campton KY, pay that land off with the heloc, then use that paid off land to secure a construction loan from the bank or PM lender for a new ground up build.

On that note, do you have any red flags when onboarding a new client that make you reconsider accepting them as your client?

., I understand your situation, but everything you have stated is a huge red flag.

Not sure if you borrow that capital through a private lender to pay off the original mortgage, as some underwriters want to see where the funds are coming from and if that would raise a red flag?  

If it is a condo and they all point to how the amenities are not kept up it could be a red flag. 

I recommend attending the next Red Stick REIA meetup in BR if don't already do so.