While I can't speak to investing in Austin and Peoria due to my lack of experience in those areas, I can definitely vouch for Cleveland as a fantastic option, especially if you're seeking cash flow properties.

@Dylan S. seek advise of a CPA, but form an LLC and get a S-corp designation. 

In the second example, the higher cap rate has effectively priced in the expense of re-tenanting the building within 2 to 3 years so the 10% cap going in results in a 6% or 7% cap rate after accounting for all of the expenses to re-tenant the building only a few years after purchasing.For an experienced investor or developer, seeking out underperforming assets as detailed above is their very business model.

One last question: Would it be wiser for me to pursue funding options personally and then fund my LLC, or would it be better to seek funding options via the LLC? 

I tend to like the control since quality of work, speed, and my financial management methods are better than most I’ve seen from other GCs or subs. though I’m an agent, I’ll definitely seek more information for taking this direction.

Hi Everyone, My name is Elda and I am fairly new to real estate investing. I am 28 years old and I’ve been inspired to invest in real estate to create generational wealth for my family. My dad worked as a contractor f...

You want someone who's been in the business for years, working full time specializing in what you're seeking to do, because if anything goes wrong with the transaction or the house after closing, it can create friction if you think your friend didn't protect your interests.

It has grown in popularity but still has opportunities in various towns/locations depending on what you're seeking in style/returns/etc.

Hey BiggerPockets Community,I’m an experienced cash buyer actively seeking to connect with reliable wholesalers in New Jersey.

So since it's SO simple to do WITHOUT the gestapo controls, it's a simple fact of reality that those at efforts of such WANT the gestapo controls, they seek the power and authority NOT the solutions.