Moore welcome to the forums.

I work with an auctioneer who is selling a 103 unit hotel at auction in the southeastern part of the US.

I feel like I’ve walked the street without ever having been in the state.

The $500 plus install is probably fine, the $3,000 one is probably stupid.

I'll start with the largest learning curve. 

Welcome to the world of real estate investing!

One thing you will want to explore is the tax rate in the specific counties you are looking in.

Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes. 

Quote from @Michael Goddard: I'm new to the whole scene.

Hello Jerome, Welcome to BP, I am not in your neck of the woods, however I have used FB investor groups to grow my network.