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

Hi all,I need some advice regarding a deal for what would possibly be my primary residence and first deal.

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

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

However, given rising rents in this zip code over the past two years, this may be a good option for renters in the lower income category as well as for new incoming residents.

There are so many forum posts from investors who buy a random property thousands of miles away based on recommendations from people they don't know and unrealistic spreadsheet math, get crushed by capex, and give up. 

@Ian Martin It's going to depend heavily on what the home can be licensed for, the finish of the home, and how many residents it can be licensed for.

Anyone looking at it for primary residence isn't going to pull the trigger with tenants until April.

Great news for the local investors, bad news for the California absent landlords (our software catches/filters by property location and borrower primary residence, there might for example be a lender in California that lends nationwide but requires the borrower to live in their 3-county footprint, and every other configuration of that you can imagine).

I should hopefully have an independent appraisal  within the next few days.HELOC will be from primary residence.