Its extremely important when running tighter margins like what you're talking about to focus on age of HVAC, water heater, appliances, roof, etc.

This can be extremely costly.We have a two step program has no waiting period at all and will end up being quite a bit cheaper then the 3 month waiting period on closing costs, rate and NO pre-payment penalty. 

Prices will be extremely high - I don't think most investors are buying in these areas unless you have a lot of money and plan to house hack.  

It makes for an extremely passive way to invest in real estate but at the end of the day you do have the say so on what happens at your property. 

I know your cost of living May be higher than mine was (I live in Virginia), but the skills you develop from this will be extremely useful in many ways. 

The other extreme is you could be your own GC and price out the various trades you need and coordinate the schedules. 

A ton of free information out there that's extremely valuable.

I have two vacancies in two different markets and it has been extremely slow despite the positive feedback and price. 

Thanks in advance.Hi Vhernadette, the truth is replacing a $500k salary in just a few years is extremely ambitious, even for someone with the right mindset.

@Tom StevensonHELOC money is extremely expensive - if you buy something that is 100% financed, either entirely with the proceeds from the HELOC, or with HELOC money for the down payment and a conventional loan, you will lose money.