Even at that price point, you may struggle to find a tenant, potentially leaving the property vacant for months.Here’s an example of a deal I’m currently working on:Purchase Price: $215,000Rehab Costs: ~$250,000ARV: ~$615,000Potential Rent: $3,600/monthUsing a $615,000 ARV and 75% LTV on the cash out refinance, with taxes and insurance, my monthly payment would be $4,267 using an 8.5% rate.

I'm very new to investing and weighing which options would benefit me the most.Option 1:  Use the cash as down payment on another primary residence and rent out the current.

Keep in mind of the I/O(payments/period) and game plan on how fast you'd like to pay it down. 

If they are, I would pay them off first.I would invest in a different market(likely bigger market) where you can find reliable contractors or find a PM that will be able to manage the properties.

Be aware if their payment is clearly labeled "for rent only" or similar, and in that case, only apply it to rent. 

Its great that the seller is will to carry a note in a seller 2nd as well, that will help reduce your require monthly payment with the right lenders.

I agree with what others above said, that having a reliable, honest and knowledgeable team is the most important thing...more so than perhaps the location. 

She originally asked for 2 balloon payments.

Hi, I was wondering if there's any good reliable places to market tenant in place + management in place properties. 

Reliability of Regrid Zoning InformationIs the zoning data provided by Regrid accurate and up-to-date for development planning?