It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

A lot of investors think that they cycle will go so well that it will eliminate their personal debt, but when you keep adding more debt to the calculation and factor in the likelihood and reality that more properties equal more problems, it's not realistic to think this way.

We sprinklered the building which would have been required anyway, but this allowed us to eliminate the rear egress staircase which eventually became the en suite bath and walk in closet in the master bedroom.

Although i believe if you're completely new and plan on contracting out most of the work, its more important to study the areas, network and vet your people than to worry about the WHERE - theres certainly upsides for focussing solely on markets outside your own, its certainly doable and a lot of people do it, even (or maybe especially) when your starting out, the added risk can be minimized and downsides you cant eliminate may be worth the upsides.

Your numbers are way to close if $50 one way or another is going to eliminate your cash flow.

We are looking to do a fair amount of remodeling (eliminating weight bearing walls, complete new flooring, remodeling multiple bathrooms, repaint interior, etc.

Been there done that.Our town decided that all multi's required a fire safety audit & the Fire Sprinkler System we were required to instal eliminated the need for many expensive tedious upgrades to 'suppress' a raging fire.

As others have said, it is definitely hard to find exactly what you are looking for, but finding a good agent who understands investments is a huge help as they will eliminate a lot of options that won't work for you.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.