-------------------------------------------------------------------------------------------------------Recommend 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?

Purchase price: $305,000 Cash invested: $80,000Single Family home in a 55+ community. 2 Bed 2 Bath, attached 2 Car Garage.

My suggestion if your goal is to free up some equity to use for another purchase - start small with the single family home with a cash out refinance.

Address potential risks by explaining strategies like maintaining emergency reserves, purchasing proper insurance, and conducting thorough due diligence.

@Grace Solano , congratulations on your purchase in Queen Creek, AZ.

You could get everything in writing but you'd have to evict if purchase didn't go through.

I'm 23, and I'm looking to purchase my first rental property this year.

I joined the group and purchased the book earlier today.

The newest outdoor is still advertising 1st month free as they haven't filled up, and I spoke with the climate controlled owner/builder yesterday (he's a pretty big REI in the area), and he made it sound like he hadn't leased a single climate controlled unit since they opened a few weeks ago.I recently purchased a 140x45 warehouse with low ceilings and had debated doing self storage, but my market seems very saturated.

But we want to get into house flipping and have started looking at the listings here to find investors and properties.My question here is if we are in escrow and we find a property and an investor and get in escrow there, how would that affect the purchase of our new home?