and am eager to connect with experienced investors to gain practical insights.What I’m Looking For:Advice on identifying cash-flowing properties and understanding market trends in Lynchburg or similar areas.Recommendations for a local real estate agent or property manager with experience working with investors.Insights on how to balance active and passive investing as I grow my portfolio.I’m grateful to be part of such an inspiring and knowledgeable community.

Plus, Tennessee is a landlord-friendly state, which makes it easier to manage properties compared to more restrictive areas.There’s also a growing community of out-of-state investors looking at Memphis because it offers a great balance of affordability and return on investment.

Examples include:Capital One Spark: Great for cash-back rewards.American Express Business Platinum: Excellent for scaling businesses with travel needs.Tip: Pay off balances on time or early to build a solid repayment history without impacting personal credit.4.

Most often it's in free & clear properties but, in a high enough desire area like these, and with low enough mortgage balance, yup, some can 100% get enough on the sale to have it all make sense because as @Jay Hinrichs has pointed out that in these areas the majority value is in the land not the structures on the land. 

Exploring other options like Appfolio or Apartments.com which might offer the balance of support and functionality you need, is a sensible approach.

When a tenant is far past due on a balance (rent, late fees) do you first take it up with collections, or small claims court? 

Good balance of affordability and rental potential.

It's an interesting time to invest in the Phoenix area as we are starting to see interest rates coming down & in some pockets of the Valley, we are even seeing a balanced or in some cases a buyer's market. 

I agree on the professional partnership with my parents and I’m looking to discuss more with them to find the right balance!

@Mary LopezThere are second tier lenders out there (non-banks) that will do small balance commercial.