Once you do get buy something, be sure to look at a cost segregation study for the property.  

For someone looking for diversification or steady long-term growth without getting too hands-on, your suggestion of buying and upgrading a rental property in a familiar and appreciating area makes a lot of sense.

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

If that’s the case you can buy in the LLC, in your name, or in a new disregarded LLC.

Refinance with Rate Buy-Down:Pay 2 points ($8,640) to lower the mortgage rate to 6.625%.

I haven't thought as far ahead as looking at potential areas to buy property.

Hello,Little background I’ve been buying and selling since for 15 years.

The ability to see the major issues before you buy is key especially when buying dilapidated early 1900's homes.

I never buy into these just watch and learn that is it.

Investment Info:Single-family residence buy & hold investment.