But local banks aren't as keen on lending to out of state investors as they are local borrowers.Just another layer of risk they have to deal with.....The 5-10 financing is the best way to go - lower rate, locked in for 30 years and amortized over 30 years too so your cash flow there is going to be the best.

I have done 1 project in Phoenix and was happy with the contractor I used, however, it was for a SFR and was more high end than this new project would be so the contractor isn't as keen to work on this project with me as he was the last one. 

I was just getting the lay of the land before I went down this avenue.Im keen on private money lending if the terms and deal are all above board.My current situation (W2, married, 1kid plus 1 on the way) kind of lends itself to being a more handsoff approach for the coming years. 

I'm not certain if this would be specified in local residential code or not, but if a tenant is keen on that sort of thing especially with current global concerns, they may ask about it.Definitely just my opinions so don't take it as concrete.

I have a duplex in Keene, NH that was purchased with an FHA loan for $163k (appraised for $186k).

I am keen to network.Jon

I am keenly interested in Indianapolis market as well and will be needing a reputable PM for my properties there.

I was just saying metal roofs are brilliant and there are some best practice items that can be done for rentals that will help with this.anyone who has read any of my post though knows that I am not keen on low end D class rentals like Morris is touting.. the rents are not high enough to generate enough gross cash flow to properly maintain a home that is going to have 10 to 50% more expenses because of the tenant base.and those expense's will come in lost rent.. vacancy .. theft and tenant abuse.. just will there is a reason you have hoods and semi hoods... the risk is huge and the morris product is in those areas.

After listening to podcasts and reading this forum I have a taken a keen interest in LTR, specifically with Section 8 tenants.

Secondly, I mentioned 35k cash to her so she could pay off her home equity line, and seller financing on the rest of the purchase price, but she wasn't keen on that idea either.I am not intimately familiar with the income restrictions on social security, but she feels that a large gain would interfere with the metrics they use to determine her assistance.