tread carefully using these values.

Given we are reaching the end of the current economic cycle I would tread lightly on giving up a big paycheck because it is much harder to be an investor in real estate these days as the overall market and valuations are shifting.  

.: @Maddy Lakshmananwhat you are proposing will not work.you can't just 'refi' and pay the HML back unless you've added significant value to the property.otherwise you'll just be out a bunch of cash.do the math and you'll see.Yes, there is a huge risk here I missed couple of costs in my earlier calculations earlier - any repair cost to increase value of house - double closing cost for wholesalers let us add the risk -— what happens if the house value goes down and refinance doesn’t willing to pay for the loan- if I couldn’t find a tenant & make positive cash flow - what if there are major repairs involved I’m still positive about the whole process but going to tread carefully let me know if I missed any other hidden costs and risks  

@Michinori Kaneko , it seems like it, but if read thru all posts there is useful information even if you are not working  or planning to work with fund and grow, finding the few golden nuggets in posts is worth reading this tread fully.

OTOH, the leader of our local REIA heavily invests in Newark, NJ, a place a lot of people might fear to tread...and he's approx mid-30s and going to retire in two years...:-)  If the market of choice doesn't give you what you want, go find one that does.  

You keep treading water and hopefully you break through the barrier and start getting more deals.

"Tenant-friendly" doesn't mean you need to think in terms of "treading lightly" or "gingerly action" when dealing with crap from tenants.

If not, I'd tread extremely lightly. 

Seems like Hueytown has already been discussed on this tread.

I want to go to places where the bathroom is in the basement and not think twice as to how I’m going to get there.Or use the bathrooms even in France that are holes in the ground with treads to squat on..