I don't have the skill set YET to gauge rehab costs and try to BRRRR, but I'd like to learn.This is definitely a choice but my option is that you will do better if you focus on duplexes and cherry-pick a few SFRs as you come across them.As for your Strengths, it sounds like you have an excellent ability to save and your ability to bulk analyze data will serve you well to identify big-picture areas, property types, and characteristics to focus on.I like that you realize the first investment will not be your best investment.

If a HELOC isn’t an option due to income requirements, a 1031 exchange into an apartment complex could be a smart move to boost your monthly net cash flow and diversify your portfolio.

With smart negotiations and a streamlined process, we capitalized on the opportunity for a quick and profitable turnaround.

That said, it could be a good choice if you’re capital constrained and need to recycle equity from deal to deal.However, if you have capital to deploy and want to take a more hands-off approach, targeting a turnkey, rent-ready offering could be a better approach for your first deal.Full disclosure: I own rentals and operate a turnkey provider in Tuscaloosa—let me know if there are any questions I can answer for you!

Hey Kent,It sounds like you're making a smart move to consider out-of-state investing, especially with the criteria you've set.

The choice between the two would be up to your investing goals and what you are wanting to do with the property.  

Out-of-state investing can be a smart way to find opportunities that simply don’t exist in our backyard, but it’s not without its challenges.

Finding a single tax professional who is smart on the varying rules in different states may not be feasible either so those costs go up too.Legal:  Procedures vary in different states. 

It’s all about finding a balance between purchase price, financing terms, and smart rental management so you’re not forced into the red.

.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?