But I'm very close to the Pacific Ocean and a couple of hours to the Caribbean sea/Atlantic.

I'm also accused of spending too much much time with leads that don't pan out right away.

Still you are going to have to include costs for furnishings, linens, pots and pans, etc in your feasibility analysis.

But nice stuff like new pots pans couches HUGE TVs etc and the money will come. 

I'm kind of curious as to why the deal doesn't pan out for you?

We're still in the beginning stages so I guess we'll just have to see how things pan out...

Hi,I am new member from the Pacific NW, looking for the first single family house purchase out of state.I have contacted a few turnkey providers in TX/TN/FL, and looking through the stock it appears that most of the houses are originally built a while back (in sixties/seventies).I could image the property would have positive cash flow for like 5-10, or even 15 years, but then at some point the repair costs would increase to the point when it would need another major rehab.This concerns me because I am planning to buy as a long-term investment with a conventional 30 years mortgage (20% down) and use the positive cash flow to pay off the principal faster (15-20 years) with the goal of using the rent to compliment the retirement after the house is paid in full.

Jeremy Halpin at Sierra Pacific Mortgage has helped me in the past.

Do you want to put your place to live at risk because this investment doesn't pan out?  

That isn't to say they can't make great investments, but they are certainly harder to make pencil out.With that said, there's an event this Saturday in Pacific Beach that I think you may find value in attending.