We are married in California he lives there I live in Arkansas.

@Brian Gerlach I 100% agree my STR's in rural Arkansas and hill country TX do better than my units in Houston & Austin.

This means you could get a short-term loan, purchase, renovate and actively list the property for rent while simultaneously seeking a R/T or Cash-Out refi.

Hello @Michael Hernandez @Scott Ratner @Joseph Myers I am just becoming active here on BP so I think an introduction is necessary.I am a Tucson native but relocated to Arkansas after graduating from the UofA for a job offer.

It is located in Northeast Arkansas.

Here are the details on the property:Type: duplex (off market)Price: $250,000Down payment: 25%Interest rate: 3.45%Year built: 1995Rent: $995 per unit (both are currently rented with a long term tenant of 4 yrs on one side)Tax amount: $1,885Insurance quote: $1,387Condition: good (no renovations or make-ready costs necessary)Location: Northwest Arkansas,  good location only 6 minutes from a universityThis is a fast growing market and properties seem expensive here, but I'd really like to find a deal here since it's near where I live.

Although I don't live in either state I have spent time in both Arkansas and Oklahoma to get a feel for them and think they are both places I would be interested to invest.

Investment Info:

Single-family residence private money loan investment.

Purchase price: $55,000

Cash invested: $125,000

2 BR 1BA on the lake! Project $15,000 - $20,000 per year cash flow after repai...

Hello,  I am seeking recommendations for a handyman in NW Arkansas, Rogers and Bentonville area. 

I'm looking to buy some low cost houses in the Little Rock area, as well as possibly other areas of Arkansas, was wondering if anyone knows of some property management companies that deal with section 8 as well as non-sec8 low income housing?