@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.

Turnkey properties typically range from $100K–$300K, and the landlord laws are much more investor-friendly compared to other markets.2. 

Friendly reminder that loan guidelines typically allow you to use the theoretical or real income from the other unit (the one you're not going to occupy) to help you qualify for the mortgage.

A turnkey property typically costs $100K-$300K, and landlord laws are much more investor friendly.

Leverage will be reduced from the max available, reserve requirements increased and, typically, you would be required to use a professional property manager.

Hey Matt, if you're considering BRRRR and flips and already looking into Ohio, I'd recommend checking out CLE.BRRRR deals here typically range from $50K to $150K, with a strong rent to price ratio.

I have a close friend who constantly drives up to the white mountains so can definitely understand the draw.

- Of course, most of these PMCs weren't even properly licensed and were typically one-person companies.If you have an LLC, the PMC will only need the LLCs EIN.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.

No 1.75% funding fee so conventional loans typically have less closing costs.