It's EXACTLY why GLASS STEAGALL was implemented.

Seems like it's in a lower end area so if it is filled you will have tenant issues and turnover cost.

What is your price range and what do you consider to be a "medium" rehab project, rehab costs = to 25%-50% of the purchase price?

I’m also glad the FCC is cracking down on robocalls for lead generation; it forces people to commit to real prospecting instead of cutting corners.Over the years, I’ve run a solid brokerage team, training agents and now I help people get into wholesaling.

Calculate how much more in interest, lost profits, etc it will cost you to have this “blip” on your credit report.  

Buy a fourplex so you have a place to live and three rentals to cut your teeth on.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Well anyone can write anything into a contract, but whether it is legal and enforceable is for the courts to decide...It is State law here that a contractor must call 811 or they are liable for the costs.

I wouldn't suggest you buy a single-family home to live in because the additional cost outweighs the benefits.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.