But success depends on choosing the right cities and building an experienced and reliable local team.

Rents have softened, though, and currently experiencing an extended vacancy in one.The advice you're hearing here is sound. 

You can find some diamonds in the rough don't get me wrong but if you aren't experienced enough to see red flags in the property/ transaction they can be costly. 4.

BiggerPockets is a great place to find featured agents experienced with long-term rental investments—they can guide you to cash-flowing properties and connect you with resources like contractors and property managers.

While this is indirect, a less experienced sponsor is not going to be able to attract capital like a seasoned sponsor, regardless of securities being exempt or not.  

If you plan on going the hard money route, most lenders will require an experienced, licensed GC to complete the rehab portion.Do you have the option to bring on an experienced partner for your first that can show you the ropes?

Thank you,Jerry Jerry, I recommend getting in touch with an experienced broker who can educate you on all the possible options in the investment space for cash-out refinances.

I've experienced the same with my properties over the past couple of years. 

I'd be happy to provide an overview of what our clients are experiencing and would ever offer to get you in touch with some recent clients to discuss their experience working with us.

So, having a trusted and experienced Realtor to provide you with an evaluation would be a good start to helping you really assess your options.First, I would ask you what your ultimate goal is...?