@Mark CruseSo where's that slasher buried?

Where do you find "local" hard money lenders?

This is where you find the property and then you can sell it after.  

The "land basis" cannot be depreciated, so your depreciable portion will be lower than $350k.We typically consider $1 million in building basis as a rule of thumb where it makes sense to evaluate the potential benefits.

In the near future, we’ll be visiting The Shoals area in northern Alabama, where we’re considering a potential move this spring.

Imagine you aren't able to make a phone call to get information and you need to physically go to where the person is to speak with them. 

They have decent rental markets, and there are options where you could get in with a 20% down payment.

Where do you want to invest? 

Do you know a scenario (except STR) where REP status can be gained while having a full time job? 

I did this another time where I was only making $600/month profit with a lot of equity in a rental.