The original posted mentions he wants to buy cash and a BP members suggests instead to take out close to a million dollars in loans...I don't see anyone in this thread asking what return the original poster is looking for or where he is in his financial life or what his thoughts are of the real estate market in the near future.Maybe he is okay with a 5% return.Maybe he has a large net worth and doesn't need the high returns.It may be the total opposite and he really does want high returns and doesn't have a lot of capital.What I am trying to say is that no one should just give cookie cutter adviceLeverage up and get bigger returns blah blah blah

Here's the cookie cutter flow I have seen: 1.

Btw the rig active count in the US now is better than in 2020, but still much less than in 2014, there're still a lot of rigs that can be activated.What the US gov and Fed must do is sell those treasury and use the money short the oil futures :)

As landlords, we have to throw away our cookie cutters!

I believe it will be key to fast tracking this rig!

Yes, we have used this strategy 3 other times and all 3 times the appraisal and refinance have went as planned.Two of them were 3 families in New Britain and 1  of them was a 2-family in Plainville.Those were cookie cutter multi-families though, but we deemed the potential cash flow from this property to be worth the educated risk of the potential appraisal issue on the back end.  

I work primarily in Marion County, so I am of course more comfortable with Oklawaha, Lake Weir, Summerfield and Belleview.There are still some deals that can be found around the outskirts of the Villages and you will never lack for tenants and/or buyers.I would stay within a 15-25 minute drive of the school, (in any direction) look for 3/2/2 cookie cutter homes.

I should clarify...that is your basic cookie cutter spec house in Pac NW. 

I currently work in sales in the oil/gas industry (I know, I know - it's a controversial industry, but it's been good to me), which I started out of college 14 years ago, starting working on the drilling rigs and working my way up.

Your payments on the combined rig will be way less I'm sure than your rent in the trendy neighborhood and if your work is 100% remote then why tie yourself down immediately?