Thank you for keeping everyone updated, Scott.

I would like to make some updates to the house which was recently appraised for 780k.

In both cases, you're growing wealth while collecting regular income.📊 Market Appreciation vs Stock GrowthHere's where it gets really interesting!

Everything went wrong with this investment:
   - Took 4 months longer than expected
   - Cost $10K more to build than we anticipated
   - Sold for $20K less than we anticipate...

There's literally no advertising in the post at all, it's simply a news update on changes to UW guidelines...

I’d start by figuring out the cost of the cosmetic updates and seeing how much you could rent it out for.

I will keep looking and update this forum.. 

I plan to manage the properties myself until it conflicts with my regular job.I would appreciate any advice on these markets to ensure success and connect with local investors.

@Holly Thorsen see above for potential challenges tapping your equity in the rental.You only need 5% down for a regular mortgage, 3% down for an FHA mortgage - so why don't you have the funds?

Have every detail spelled out, use an escrow account and daily updates verifying all parties are executing their responsibilities.