Use them if you simple have no other choice, none. 

Didn't have a choice but to go Hard Money on this deal because the only Private Money Lender I have found didn't want to do a deal out of the state of Florida (property is back in Arkansas).So far the numbers are looking pretty good and I hope everything goes well with it.

Test and repeat on different areas. fill hole with caulk or epoxy filler.This should be last recourse diy prayer.If you have no choice but to tear out the shower wall, that will be another topic.If you have high water pressure (above 80psi), try reducing it to 60-70psi.

i dont consider not being able to find an attorney a red flag, is just that they're not insured to do these kind of transactions i found out. i'm sure that other investors are doing subject to deals in north carolina and they're probably using an attorney, or this can also be done by you without an attorney, just need an attorney to prepare the deed. as far as the seller is concern, they have three choices when facing foreclosure, they can catch up their payments on their own, get help from an investor to make up the back payments and take over the loan and make the monthly payments until they're able to cash out and pay off the loan, and third,just go through the foreclosure and completely ruin their credit and i mean very bad credit. 

Then sometimes the inspector comes during hour 1 of the 4-hour window but then sometimes the inspector doesn't show up to hour 5 and you have no choice to wait. 

If you can act fast, build quality remodels on time that sell you become a good choice for them.

From your choices I think Myrtle Beach is your best option for price and STR restrictions.

Hello Hnu,Starting in the Midwest can be a smart choice, as the entry point is often lower and there are many opportunities for cashflow.

Hey James, with a price range like that Columbus and Cleveland OH will be a standout choice, in these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income. 

IMO this makes Texas the preferred choice for series LLC, although the (over rated) non publishing of organizational information in Wyoming and Nevada will have others disagree.