Again this is based on no major renovation/improvements if the house was acquired in bad condition. 

I was wondering what your experience has been, good or bad with buying rental property in close proximity to the firehouse/station?

With the proceeds we later purchased two properties the same month, one with FHA loan 5% down and received a closing credit of $8k plus a $2k check made out to us after closing.

@Iris Olivas Most local banks/credit unions can do this deal with lower fees and potentially rates than brokers.

We can debate if that's a bad thing or a good thing, but it just is a thing now. 

After finding outlets and switches placed in bad spots and plumbers who wanted to argue about the use of Pex manifolds my subsequent projects I literally would pound all the electrical boxes and label what they were for and buy all the the materials myself. 

My father took out a $320K home equity line of credit (HELOC) to invest with my brother and I.

What are the goods and bad's on real estate?

Jeremy, I hope you don’t take this badly…..I noticed your posts don’t get much “traction” The reason is they read like slick marketing “puff” pieces you find posted on LinkedIn all the time, rather than personally engaged discussions, If you want significant engagement, just write something out, and don’t even “edit” it, just go with the first draft, giving the effect like a personal conversation with someone.  

Run a credit/screening report on yourself.