I’ve also used a HELOC to buy a couple houses.

If I was going to buy in that area I would go closer to U of L.

Investment Info:Single-family residence buy & hold investment.

I had one reach out just today asking if I had anyone who might want to buy. 

You can offer to buy the upstairs residents an area rug, but I wouldn't force it on them.   

So if you see any let me know and ill buy it! 

The current average rent on the new buy is $925.

The moment you buy an investment property, start a side hustle, or even experience a major life event (marriage, kids, inheritance, etc.), taxes get more complicated.

@Christopher HeidrichRecommend 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?

Assuming the area checks out, I’d rather buy in a high price area that has little to no cash flow rather than an area that has cash flow but lower price.