We are really clueless, but at least we jumped in.  I

What areas of the states are you looking in? I

The only time I'd say it's an okay idea is if either: The area you're investing in is expecting so much appreciation that you will easily profit off that (watch out for mortgage interest though...the appreciation needs to be higher than what you pay in that and expenses to make it profitable)You have some specific reason for wanting to do it- family ties, future home, major long-term hold, etc.Maybe I'm forgetting another one, but those two are all I have for now...

I'm a big fan of lakefront properties as vacation rentals, and the area these cabins are in is popular for tourists, so I felt confident in the deal.How did you find this deal and how did you negotiate it?

Hi Kyle, I would recommend chatting with a property manager in the specific city of Ohio you're looking to buy in. I

Quote from @Owen Maiden: Hello, I am looking for C class neighborhoods to invest in. I

I won’t sugar coat it when I first got in I didn’t realize the over head cost to run a business .

The only reason I chimed in is a lot of folks might take this as gospel for any and all areas.

I keep track of expenses as they come in (I have a notebook) for each rental and file the invoices/bills/etc as soon as they come in and are paid. 

What state will your loans be in? I