It's a more affordable market and lower property taxes, so you may actually have a chance to cash flow.

I’d recommend waiting till you have a cushion of some sort depending on your comfort level before you take the plunge and buy the second deal.

Since your dad is a contractor with access to affordable labor, the renovation costs could be lower than average.

That means that if you are a landlord of lower end rental you will be accepting that applicant with felony convictions, bad credit, and evictions!

Their ability to recover their money should you default is much lower in this position.

It takes a certain level of QB knowledge to set it up correctly.

I've used Propstream, Red X and Real Estate skip trace with varying levels of information accuracy.

The only approach I’ve found effective is offering a deposit alternative, which lowers upfront costs for tenants without devaluing your property.

Benefit of waiting is lower mortgage payments and lower debt.

There is a ton of fix and flip going on in Brooklyn and I am trying to work my confidence towards that after my first project at a lower price point around 300K somewhere (CT seems like my only option).