I live in Glastonbury and many of my clients are buying and selling in East Hartford and the surrounding areas.

As much as I want to drive around I am an out of state investor looking at buy and hold MF.

While buying one that’s up and running might seem a good idea - paying for speed - if you’re not quite ready, sometimes the best deal you make is the one you don’t make at all.

What you describe sounds a little like a BRRRR (Buy Rehab Rent Refinance Repeat). 

@Tove Fox hope you find this copy & paste useful:)-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

- The market is in a little bit of a lull right now (buyers market), its a great time to buy, but slower time to sell (my primary business is flipping houses) I can supplement my flipping business by providing project management services/consulting, helping investors find discounted properties, etc. etc.

I’m weighing two options for our housing situation and would greatly appreciate your advice, given the complexities involved.1.Renovate and Buy Another Property•Invest to renovate our current home adding a bedroom to the house given our family outgrew the house.

The agent will get paid if you buy the house, but your question to the seller is:"How can I help you?

DM me your email and I can connect you with the organizer.The group discusses buy & hold real estate, both single family and apartments. 

The other day I started the thread Why do people Buy Property in California?