Having graduated from BC myself, I understand the charm it holds, which can be perfect for the right person.What year did you graduate? 

On most any day you could find people walking dogs, or children playing in the area.

I understand they can make our life a lot easier but is it worth it if it eats up a lot of our cash flow? 

CoStar) to understand the rental market (rent amounts, absorbtion rate, etc..) but that service is fairly expensive. 

Just remember there are less people that can afford the 1 million dollar plus houses than can afford the $300 to $400 thousand dollar houses .

Justin made posts here about how much "he spent" rehabbing units that wound up belonging to other people. 

Starting with a smaller property or a few fix-and-flip projects can help you build equity, gain credibility with lenders, and better understand the process before scaling up.Securing funding for larger projects can be challenging without prior experience, but options like hard money loans might be worth exploring.

In the “old” days, people would have the seller pay the lender so as to not “alert” the lender that a property sale had taken place, so that the lender def wouldn’t trigger the so called “due on sale” that’s a part of almost every mortgage or deed of trust document.  

I would closely monitor your competitions pricing to see what is working for them.Vrbo has built in tools to monitor when people are searching for specific dates.

So they would first payoff the first mortgage, if there is a second then $ goes to the second and if anything above that goes to any other lienholders or the homeowner.There are a lot of people who invest in 2nd mortgages because they are cheaper than a first, but in Ohio (not sure all counties) you have to pay off the first at foreclosure so if you do not have the money to pay off the first you are out of luck.