One thing you don't want to do is to buy based on proforma and have a negative cash flow property, especially on your first deal.

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

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

A lot of ultra aggressive investors who want to buy buy buy aren't buying so aggressively now like they have in years past.

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

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

Our team buys the properties and converts them and manages them so it has been a great learning experience seeing all three phases from taking down a project, renovating the building then managing the lease up.

I currently reside in Ohio where I buy SFR rentals and do a couple flips a year.

I agree that some of these smaller towns have great buys and strong rents. 

If you have access to private equity then sure, but if you want to buy properties yourself then at best you are looking at 1-2 per year if you have really good income. 3.