I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.

Second, they can only charge you for the remaining life span of the door.

-Checked mail and delivered to tenants, as necessary-responded to tenant question regarding parking-remained on standby all day for tenant needs/emergenciesOr is something like this necessary?

The property was unoccupied so the water heater continued to run for a while possibly using (remaining) gas in the line is my guess.

You have a governmental authority using its power to hinder and regulate private transactions creating some kind of “litmus” test based on god knows whatYou have a seller remaining in a home he sold indefinitely.You have a lender that has twice filed for foreclosure You have a profit sharing arrangement upon resale with the seller/tenantYou’re performing repairs/maintenance on a house while occupied by the seller/tenantAny or all these are lawsuit magnets.If you buy a property, and the seller is a consumer, not an investor, you should NEVER do a profit participation.  

We are gradually dropping prices and in some cases remain as one of the few houses remaining in the market.Margins and occupancy percentages are higher than last year do to stronger area demand.

But you can subdivide the remaining 15 acres into 3 lots and sell each one for $200,000.2. 

Thank you so much for putting that together and for remaining active on this topic!

There is normally a partial release premium that requires you to pay additional proceeds towards the remaining properties in the loan.

Since we do deals all over Florida, we're constantly adjusting based on supply and demand per county, but overall, demand in Florida remains strong.I agree with you.