Listen to podcasts, read books, watch videos, do what it takes to meet industry professionals, and most importantly, be authentic in who you are and what your goals/reasons are for why this journey is the chosen path in the first place.

Purchase price: $151,000 Cash invested: $3,000 Bought it for my personal house and then got interested in real estate investing either a future long-term mid term or short term rental haven’t chosen yet What made you interested in investing in this type of deal?

What I'd be careful about are the types of tenants chosen and what to do if they can't pay due to the present eviction moratorium due to COVID-19.

Either way, I believe it is all a gamble if the redevelopment plan comes to fruition or not.  

As my GC says: "if it's stood straight and true for the last 100 years, it'll probably make it at least another 25".Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).Good luck out there!

Suvir if you have a million and want to drop 40k on a PIG property then it's a gamble you might want to take.If you have 60k total and 40k is going into this property from overseas in a rougher area you could end up taking a loss.I have never heard of C tenants being less of a headache than A tenants.

As i'm the foreign nationals, i know there's not much options can be chosen regarding the financing. 

Most brick houses are made of wood but instead of vinyl, wood or other siding materials, brick is chosen.

It may very well come up in the next few years, but it seems like a gamble at the moment.  

We saved up for a place in our chosen area and bam, done.