Living for free!

Just like there is no such thing as a free lunch, there is no such thing as free real estate.

@Hank Bank BRRRR is probably want you want to do.Buy, Renovate, Rent, Refi, Repeat.Before you go all in and either find out you don't like being a landlord or you make costly mistakes, start with just the next one.You'll have some challenges with tapping the equity in the townhouse:1) What loan amount can you qualify with your credit & income?

Feel free to shoot me a message and we can see if I have anything that might be a good fit.

Utilized a low down payment loan, maxed seller credit, tax proration and closed on the 1st of the month to maximize my cash and acquire this property What was the outcome?

The solution is currently free for investors to create an account, enter your properties, identify your goals AND run hypothetical scenarios for taking action (1031/refi/sell) etc. 

I've lifted the ban, you are free to continue to send messages.

That's pretty low for a 3-BR - I'm seeing the FMR for a 3BR in that zip code is $1,850.But at $1,300 for rent, you'll probably find HMLs that may lend you around $120k if you have a good credit score in my opinion, which means you'll need $45k + closing costs.

Just understand that you'll need to manager the PM, so you can't be completely hands free. 

Over 75% of US cities have less than 10K people so the city staff and planning dept are very accessible and are a great free resource to understand zoning and where your vision can fit into their community.