Purchase price: $550,000 Cash invested: $145,000 Sale price: $915,000 This was a home run for a long term (5 years) buy & hold investment property (I specialize in this area). - Initial investment of $145K (DP+closing)- It had one tenant for 5 years and 3 months (no turnover), and the tenant paid off the mortgage and expenses in those 5 years.- I spent around $30K to do upgrades before selling.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?

@Thomas FarrellRecommend 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 property in Class D area to Class A standards, what quality of tenant will you get?

Investment Info:Single-family residence buy & hold investment.

I stuck to it and it has treated me well over the years.I did not start investing ( other than buying a home to live in) till many years later..

Can any investors in the Indianapolis market  please help by referring me to an agent they have used to buy properties that they were satisfied with?

Investment Info:Townhouse buy & hold investment in Jacksonville.

We spend about $10-15/foot on our buy and hold apartment renovations.

So if you can handle the financing for all this until the builder starts buying lots and building , You should do well 

-Most importantly, this is a normal buying process.

That means that you can buy a property with up to four units, since this is still considered residential.