I didn't start with a ton of capital to work with either, so I was kind of in the same boat as you. 

Do you have some kind of drop box, or do you just ship it to someone who lives in the area?

You should also ask about warranty coverage, lease-up periods, and what kind of rental demand exists in the area.

So are you thinking of moving to a mid term rental kind of thing?

Being able to tailor terms and close quickly is definitely a game-changer, especially when traditional lenders can’t offer the same speed or options.I’m curious, what kind of deals are you focusing on at the moment?

Most new home communities have super HOA restrictions on investors, like you have to live in the home a year before renting and/or they only allow a certain % of rentals like 1% or all kinds of other roadblocks.Plenty of opportunity in North Texas, but for the most part stay away from new builds for rentals.

I’d love to hear more about what kind of improvements were made to the property and how long the project took from purchase to sale.

The answers are kind of silly... 

Philadelphia doesn't take kindly to your type of friends... haha I think your friend may have to get more creative 

I converted my primary residence into a rental property three years ago. Last year, I completed a 1031 exchange, where I exchanged that rental property for two new residential rental properties. The overall gain on th...