@Carrianne Mucho  yup if I was not so invested on the west coast and was looking for a new place to live it would be one of my first choices.. but you would need to be a water dog... its surrounded by water. and us Californians are used to mountains and they don't have any of those.. but culture great food , ( have to import your wine).. nice people and a robust Real estate economy with thousands of potential rehabbers.. since the city is so old  2nd oldest in the US>  I just close on one I was going to rehab.. turned out the termites caused so much damage its a demo job.. but not to worry new construction there will be just fine :)check out  74 America Charleston  SC  this is one I just sold last month.. this is what we are building there selling at 225 to 250 a foot finished

At the same time, we still have robust insurance policies in place, and even though we have just a few properties, we're already set up to scale easily without increasing our exposure.  

This is a fun group here Account Closed a robust thread.

Even just yesterday, I couldn’t close on my 4-Plex because the Chase Bank system that catered to our particular transaction was down, not only was it down but we were in a fight against the clock as if Chase didn’t resume functionality timely then the seller was ready to walk.

I had bought strong inventory and had created a robust quality product.

The LAX and PHX markets are both very robust markets, so they create challenges with a 1031 Exchange.  

They will also look at your real estate resume, they will vet your property manager, require one year prepaid insurance, and ask for every possible document from the sellers!  

And have a large downpayment Bankruptcies = noneForeclosures = noneCredit = 680+Combined net worth >= loan amountLiquidity >= 9 months P&IDSC = 1.25+Experience in asset class = preferred (but you have to start somewhere and great credit, W-2s, and a large downpayment all help)These requirements will vary by borrower, lender, and property and are just a guide.I'd recommend having the following ready (1) personal balance sheet (2) prior two years tax returns (3) professional resume (4) schedule of real estate owned (if you have any rentals)...google it or I can send you mine.  

If there are too many red flags, or the records I uncovered indicate they don't meet my criteria, I don't call them back.Think of it like a job applicant - a company doesn't have to respond to your resume if they don't think you meet the job criteria.

Meanwhile, prospects for continued robust job growth moved Seattle-Tacoma and Boston into the second and third spots.Minneapolis-St.