We have ample capital, and plan to take a substantial "first loss" position in all properties, bearing losses to cushion the lenders.Also, when you say 65% of "purchase+rehab", for a reseller like yourselves, are you talking about MemphisInvest's cost, or are you talking about the higher purchase price of your ultimate buyer, reflecting MemphisInvest's reasoanble profit margin on the re-sell?

Leverage isn't a problem if there is ample reserves and/or income from other sources for surprises.If I pulled all my equity out and had lots of cash would I be highly leveraged?

Is there any way you might be able to tip me off to a couple of markets and states where that may be attainable?

You need ample space for steps.

My current location is Los Angeles/Orange County so not rural but there still are an ample amount of what I would call community-banks.

Certainly attainable but I would recommend to take it slow at start.

Option C is spending ~2-3K to purchase furniture/furnishings and store it in a garage we already own and have ample space in.The AVR of the house is ~175K, so we're looking at 1% of the price of the house.

Now for a Christian to prove there is a God can be quite a challenge, but there is ample evidence they can point to.

Secure yourself an ample due diligence period and then use it to interact with the tenants to see how satisfied they are with the building.

A lot for a "cruising year", but all easy to plug away at (and therefore attainable this year).