What spread are you looking to get? 

Maybe renovation costs get blundered so the spread is too weak, but the appreciation and refi potential is there.

Besides my current rent, I still have to pay an additional $1~2000 for the mortgage, etc.Pros:Better financing rates than for investment propertiescan manage it myself to save the PM feehaving my own place without worrying about rent increasesCons:May only afford a small townhome or apartment, not sure if I still want to live there after 5 yearOption 2: Investing in Out-of-State Multifamily PropertiesI could use my cash to invest in several multifamily properties out of state and use the cash flow to cover my rent.Pros:Potential to spread risk across multiple propertiesThe cashflow can cover my rent, maybe have extra leftCons:Additional costs for property managementLimited potential for appreciationHave no experience in managing OOS property, and I am afraid it will be annoyingI’d love to hear your thoughts or any advice you might have.

@Joe Splitrock that's a fairy tale spread by anti-gunners.

Engage in networking, social media, on line forums, associations, etc and showcase your expertise.3.

How social media, computers Zillow, Redfin, Bigger Pockets has turned real estate into such a POPULAR way to make money!

I also use social media for hyper-local content, showcasing community highlights and market trends to build trust

To invest in Richmond, join REIAs, engage on social media, attend events, learn from resources, connect with agents, explore neighborhoods, and connect with professionals for appreciation, rental demand, and strong cash flow.Good Luck!

I also have put a spread sheet together showing the totals for both owner financing and bank loan.

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