If you don't meet that 12 month seasoning requirement and/or want to hold the property under an LLC, a debt service loan may be a better option.

Any repair issues the new acquisition has you will feel to much greater magnitude due to the property carrying a lot of debt.

It's the concept of buying the debt attached to the mortgage rather than buying the house. 

Identifying neighborhoods with good schools, infrastructure, and amenities can lead to finding a hidden gem.Myth 4: It Is Only Seasoned Investors Who Can Handle Distressed PropertiesExperience is helpful in real estate, but you do not need to be a seasoned investor to do well in distressed properties.

I’m interested in connecting with investors who want to explore remote investment opportunities (internationally), especially in Europe, and specifically in the Netherlands.I firmly believe that collaboration and the exchange of experiences can lead to great results for everyone.

Good question - when Bigger Pockets leads reach out to us via out of state, we first define your specific goal with the BRRRR and talk through specific cities/areas that could lend itself to accomplishing that goal.

Eliminate debt, establish a budget, and save.

Employment Growth Outpacing Housing SupplyBuffalo leads the nation in the ratio of new jobs to new homes permitted.

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low). 

I was reading up about it, and saw that the cons of oil heating include needing to top up the oil supply, lower efficiency (than gas and electric), and potential leaking of tanks leading to environmental issues.Is anyone familiar with oil heated homes?