I am in dire need of connecting and networking with other local investors to learn from as well as see if anyone has interest in out of state investments.

And if the A/C goes out in the summer, that is a dire emergency.I have not seen any duplex or multi-family style buildings that have both a permanent and vacation rentals though there might be in town near the Pleasure Pier.  

I have a full time job currently so I'm not in dire need of income.

Its becoming quiet hard finding a strait forward and accurate answers so if any of you know the legality behind an assignment of contracts for a fee please let me know.

It is really none of their business who you use and I doubt the situation is that dire to begin with.

Some units are in a good state with good tenants and don't require immediate attention, while others are in pretty dire need of repairs, upgrades, and new tenants.Our initial plan is to gut and rehab the worst of the units first, followed by finding new tenants for these same units at closer to 700/mo rent.

I've come across the BRRRR strategy, but as I mention this being my first rental property and it being out of state I feel like the extra risk associated to rehabbing and refinancing a property is something I'm not sure about and is why I'm leaning toward a more strait forward turnkey type rental.

Some people don't get certain messages unless they are faced with dire consequences, unfortunately.

You have to decide in your mind that you will make it no matter what , that no matter how bleak it looks or dire the situation you will persist and win in the end , if you push on you WILL get through it !

- Average Rent is $1500/month in this area - The home has 2800 sq ft (1400 sq ft - 2BR/2BA per side) Rambler with 1 tuckunder garage per side and a separate 3 car garage- Taxes are $4870/year- The $42.5K in repairs are for a roof, siding, electrical conversion to breakers, and adding a bathroom in the basement of one side (none of these repairs are dire needs but will need to be done in the next few years) Any advice will be greatly appreciated!