Hello @Tove Fox,You are not investing in a state, you will invest in an individual city.

We have done it both ways where we fund purchase and they cover rehab but if the individual is less experienced we do not do it that way, we have them put more money into the deal from the start and fund the draws, reason why is we also had a deal where the person said they would do this and never did anything and property sat and loan matured and it was a pain.Just recognize you will still not get 100% financing for the purchase, so you are putting money in up front. 

Our established process provided the financial backing to secure the property, enabling Debra to focus on the resale strategy.

It is unfortunately a very risky thing to invest with individuals.

I’m very glad things didn’t work out.Lastly, Zach’s partner, Daniel, who seemed to be a more level-headed individual didn’t help matters any.

Hey @Zach Howard,Happy to connect with you and put you in touch with some solid individuals in Augusta, GA.

@Alecia Loveless is correct--tenants need access 24/7 to their electric service panel, water and heat, assuming those are individual utilities for each unit. 

Now focus on what you, not what the real estate investment community, want to do after you educate yourself on both sides.If you are interested in selling, I know plenty of individuals looking for a similar home in the Scottsdale area as an investment property and I think you could get a great return right now.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

This is some of the most desirable and difficult to develop real estate in the country, owned and operated by many of the most powerful and affluent individuals and corporations on earth.