Glad to have you here on BP, hope that you enjoy poking around and taking advantage of the immense quantity of knowledge on the site.As far as if your plan is reasonable - you mention that you are barely breaking even, but you're paying down principal of the loan.

A couple of thoughts:The one thing I learned the hard way but has helped me immensely in life: you have time for what you want to do.

Any recommendations would help immensely.

I agree with @Ritch Bonisa boots on the ground so to speak helps out of state investors immensely.

Italian Village has definitely changed immensely since then!

I've been studying real estate investment for the past six or so years while I killed my cancer but still consider myself with immense room for growth.

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It helped immensely.

The actual property is in a pretty rough patch of East Dallas, and there are quite a few rough patches in the area, but that's slowly changing and this particular property is boxed in by an immense amount of wealth. - CheapCons: - Building condition: Have only seen pictures, but this thing will need a TON of work and, even though the property is 'cheap', it will end up costing me a ton to get it up and running, and I honestly have no idea how to even guesstimate the amount of money it would cost. - It's more than a 4-unit, which means it would be classified as commercial.Ideally, I'd like something in the same area that appears less risky and is a 4-unit or less.

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