I'm not really a Waikiki guy and wouldn't necessarily choose to stay there often, but if I could find a 2 bedroom condo at that price that cashflows...I'd certainly be interested in looking a little closer.

But we are choosing to sell our house, take the equity and relocate to TN.

Again, I'll report.I have been told that $550 appraisal fee is refundable if I choose not to go with LendingOne.

They can probably replace the other tools if we choose.  

HD for example has a program where they will set up shelving, provide labeled/bar-coded bins, stock specific items that you choose, and check / restock to specified levels periodically.

Barring some complications (such as her having sold her previous home recently), you should get the full $500k exclusion, but you will need to pay tax on $30k of accumulated depreciation.

G'Day Hughston,The best advice I could give would be to not invest out of state unless you buy turnkey.But that's just me being biased.The second best advice I can give is to focus more on the people that you will be working with over the stats/demographics of a specific area.I'm sure that this has been covered many times in the various BP books but to this day it rings true.You will heavily have to rely on the folks on the ground.They will either make or brake your investment so choose them wisely.If you buy the best house, on the best street, in the best area with the best capital growth projections.But your property manager is incompetent or a cheat.You will loose money.So, team first, area second.Much success

Which ever market you choose will depend on your strategy and how involved you are going to be.

We do them exclusively now in Georgia and it saves a ton of time, money, and hassle.DM me if you have a deal you want us to take a look at and I'll waive one side of the escrow fees for you.

Are there area-specific obstacles or opportunities that I should consider before choosing Indianapolis?