Hi there  Did you find success with HUD homes? 

Is your tenant month to month or in a long term lease?  

The pocket thing seems nice as long as you could control who moves in and who does not move in. 

I've done some negotiation with the seller already and we've agreed on the broad terms of the deal.

When cycle gets tougher then those marginal agents sales dry up and they go back to that j-o-b especially since they did not save and spent all their money on trips, bigger houses, nicer cars,etc.Good LuckI hope you are one of the few that make it long term. 14 years in the business and still having record sales year after year.The best nugget of info I can give is constantly out learn your competition.

It has taken me time and I am ok with building long term wealth vs spendable dollars today.

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

If one tenant has been in there for that long, there will also be some serious capex and turnover costs.

Alternatively, DSCR loans offer long-term financing with lower rates, but they come with more complex requirements.

But you have to ask proactively, and be mindful of how long you stay in forbearance to avoid long-term credit issues.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.