Wether it is real estate, oil, gold, art or baseball cards.

I am not remotely in the same league as some the professionals that have responded.The experts that have already replied have given some very sound, logical advice.

Then pursue your passion after nabbing a 4.0 in 2 years of minor league college.

Okay - professional baseball player but that ain't happening in my 50s.

Near Gannon, there are many restaurants in old 1800's buildings, a city park that hosts special events, a convention center with flagship architecture, a community playhouse that performs Broadway plays, the Warner Theater which hosts various performers and the Erie Philharmonic Orchestra, an art museum, a civic center that is home to the Erie Otters (ice hockey) among many other events, a ball field that is home to the Erie Seawolves (minor league team), and a Starbucks on 5th and State St.

But if I were playing baseball I'd be batting .500 and that ain't bad!

Get a check from the refinancing for $50,000 and roll that into doing the same thing with another property.Now once the house is renovated and refinanced I figure rent being around $1,200 a month, $600 going towards cap ex. and the mortgage costing anywhere from $250-$400 per month and the property cash flowing anywhere from $200-$400 per month.Am I way out of my league with this or does this sound plausible if not common in real estate investing?

I can throw a baseball into the yard of a house on the corner that sold for over 500k (bigger and nice).The property:SFR 1200 sf 3/1 with a weird layout (will be rectified in rehab)preliminary scope looks like 50k-65ksits on a landlocked parcel with a right of way and shared driveway across neighboring driveway.  

Long Island- Suffolk and Nassau Countys' taxes are out of the league- holding costs can be $900 a month for a simple house.

Cincinnati has division 1 college football and basketball, pro football, pro baseball, world class symphony orchestra, world class zoo, multiple major music venues, and excellent schools.