There is also a nice duplex which wouldn't be ALL of my savings that I have my eye on but it would not cashflow as much.

I'm also trying to keep my eyes peeled for properties that require some rehab (kitchen/bath/flooring/etc).. not major projects.Details: -I have set aside $350k of expendable cash, and I'd like to leverage this.

)  - 60K in cash for downpayment +more for renovations- Strong local connections with contractors of all trades - Ability to get building materials at cost through family/business connections- Have a strong eye for style and design (Tends to lean on the high end of things as that is my business)  - 750+ Credit.

-*Higher for longer rates*Overpriced construction*Lower cash flow given reduction in Post Covid+Much higher competition and in my eyes structural reduce demand for Pigeon forge-esque experiences as GenZ/Millenials start taking over the Family travel spend (as many of you point out).

(even if it's a previous LLC)I am eyeing a property in my hometown. 20-units, all 2bed/2bath, new roof, water heaters and exterior paint.

I feel like people lean more towards the possible cash flow and turn a blind eye to the risks and reality of owning a D property (not saying this one was) when it is 1,000 miles away and they only have to take phone calls from a third party about any issues. 

By having more tenants there are more eyes to watch for issues that may pop up, more people paying rent, and if you have one of the units vacant for a bit, it will not hurt the bank as bad as it would if you only have two tenants in the building and one of them left.   

.- BP community rolls eyes at obvious spam and calls this out.

Keep an eye on the water bills.

The money must be secured by real estate or in the eyes of the SEC you have committed FRAUD.