It's worth about $350,000 and no liens.I was thinking about making it a midterm rental or a short-term rental but it would require quite a bit of work and would require getting a home equity loan.Also considering selling and buying a turnkey str.I do plan on leaving the country and I'm not sure where I'll end up.Would love to hear the pros and cons from all you professionals.

The interesting thing is appraisers don't often realize or give huge credit a new plumbing, new electrical, new HVAC despite these items being very expensive.

If you are a solo-preneur, you can tag another investor in the group to assist.We have action-plans and drips for investors to use for lead generation via call, text, email, door knock, driving for dollars Most of this is done out of the box versus heavy configuration and customization like other systems. 

Key conservatorship issues to considerAny plan to exit Fannie and Freddie’s conservatorship should promote market liquidity, and thus, access to mortgage credit.

We would need to know your current operating expenses (and rent) to be able to provide any suggestions.

From experience, finding a knowledgeable accountant is key for handling taxes effectively, especially when splitting expenses, claiming deductions, and managing depreciation.

Or is your plan to take their equity as your profit?

Quote from @John Paul Palace: Our plan was to invest locally, however our market here is tough.

Additionally, I have $100,000 in cash in the bank, and my monthly expenses for my home and family are around $3,500.My wife earns between $100,000 and $120,000 from her W2 job, while I've recently lost my job but found a new one that pays $65,000 a year.

If you're planning on doing out of state investing, I would recommend a condo/townhouse.