We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

I figured this could possibly put me in a good position for a cash-out refinance when I’m ready to move on to a second property.If I stick within my budget, Philadelphia seems to offer the most housing availability, but I’m concerned about most houses available being in rougher neighborhoods.

That being said, it can be the most satisfying and cash-flow-positive business around. 

However, when you don't know what you don't know, this is an incredibly dangerous and risky position to be in with such an expensive investment.Just my 2 cents.

Columbus is definitely a solid area for MF and duplex properties with positive cashflow and appreciation potential.

Quote from @Paul Azad: Quote from @Geri Randall: BUYER BEWARE: Goodegg distributions "paused"Goodegg has stopped distributions on the offering I bought a couple of years ago, called Congaree Villas, and has not been forthcoming with revised financial projections that explain why it has done so--even though it says the property is still cash flow positive and has adequate reserves.

Its always nice to hear positive things about local people. 

Thank you @Drew Sygit, I hadn't considered the lien position of the lender in regards to the land.

With your renovation background, you're well-positioned to excel in house flipping.

The work around is part of the application process is to tour the property, but still, why put yourself in that position?