Having to work out of state I'm also considering looking outside of that area of the rust belt.

I'd also suggest something closer by, at least until you've gotten a few properties under your belt.

When you do narrow down your goals and figure our which investment is best for you, make sure you do keep a little bit of that cash pretty liquid to cover unexpected capex costs and other expenses - never deploy your last penny, always keep a reserve as a safety net.With a solid profit already under your belt, you're in a great position already.

I'm more of a conservative investor, so I'd say slow and steady beats quick and risky :)Since you haven't made your first investment yet, this is a little bit cart-before-the-horse, but once you have that first MFR under your belt, don't forget that you can always use the 1031 exchange to leapfrog it into bigger and better, or smaller and more numerous, if you find other, more lucrative, REI opportunities down the road.

The good news is I have a cash flowing property under my belt right now...baby steps hey?

We are definitely novices but have a couple of deals under our belt and are ready to give it a go using the modest resources we have available.

I think this could be a great strategy to relocate your assets to the more stable midwest. 1031 exchange should get you plenty of opportunities in the rust belt.

Thanks @George Blower.

In case it comes up I can show at anytime that the works specific of the violation have been taken care of... but I do not know if it is really the right thing to do.Does anyone have experience with the Atlanta code enforcement near the belt line (Washington Park) where they put all those yellow plaques?

Everyone practically long term wants the warm belt states for investment.