I would caution on having a high deductible / inadequate coverage policy with a property in Athens.Dan, a comment you made that I don't concur with is the cap ex on a new build of 300/month, unless it was a low quality builder (I have no idea who the builder on this property is). 

Have you looked into any specific states yet, or are you still exploring options?

very high risk even I only do them with very specific investors in mind and a plan. we dont flip land we develop every one. 

I think it will add more competition to the rental market and the buyer market specifically up in N Phoenix, Deer Valley, Desert Ridge, and then up into Anthem - but will bring up value throughout the county. 

@Morgan Vien For your Oregon rental property, forming an LLC in Oregon can provide liability protection specific to that property.

Texas does have specific rules regarding home equity loans and cash-out refinancing (often referred to as "Texas Equity Section 50(a)(6)"), but these don’t prohibit homeowners from using funds for investment properties.

What is drawing you to that specific location?

Is there anything specific I should focus on during the due diligence process, particularly regarding title and document inspection, compared to a traditional sale?

@Kristin MathernI would pay it given no keys were provided, it wasn’t specifically addressed/mentioned in your lease, you were provided the opportunity to address/fix yourself with a 25-30 dollar replacement from Lowe’s/Home Depot, and lastly, it was an existing situation that could have been avoided/prevented at move in.

It's essential for me to acquire these skills as I navigate potential roles in the real estate industry.If you have any insights, recommendations, or perhaps know of specific training programs or resources for learning Yardi, I would greatly appreciate your guidance.