But I would not consider what the seller needs to make in determining what I'm willing to pay for a property, especially when youre buying a problem like this.

I'm at a stage where I really just want to get involved and start buying properties.

Give them all a call and see if they are willing to sell and if not are they in the market to buy.

While they aren't the cheapest when you first buy them, Kwikset has locks that are easy to rekey without installing a new set of locks.

You could also buy from an existing landlord that has a section 8 tenant.

We are starting to explore options for buying his shares to eliminate him as a risk and a roadblock but still have funds leftover for growth.

It'll take some time but I see Anthem and all around the plant growing significantly over the coming years, small multifam and sfh's may be a good buy up around there.

This could work well if you’re looking for steady monthly returns and don’t mind managing tenants (or hiring a property manager).Selling could also make sense if you’d rather use the $500,000 to diversify into other investments, like buying multiple properties or even a short-term rental on the lake as you mentioned.

I am more inclined to buy new kitchen appliances because of #4, but would not have an issue using nice looking used kitchen appliances.

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.