We got deed in lieu from the widow within 10 days of acquiring the note, and a week later sold for cash to another investor in that area who buys and turnkeys property for out of town investors.

If you've lived in your town or city for 5 or 10 or 20 years, you will know things about it I can never know and thus you have a distinct advantage over me when it comes to investing - you know what a good price is, what a bad neighborhood is, what house looks good on paper but is underneath the airport flight path, and so on. 

Would you consider that town a "B" place or a "C" place? 

About 6ac of grass with scattered trees, a pretty wetland area, and decently close to larger towns and recreation areas (Ocala National Forest, Mt.

For example, if you’re investing in residential properties on the southwest side of town, eliminate property managers focused on commercial properties or other areas.Research CandidatesSearch Engines: Be cautious—Google rankings often reflect marketing, not quality.Yelp Reviews: Read reviews critically; tenants, not property owners, typically write them.

In a small town, like the one featured, you don't have a growing population, so where is new demand coming from?  

The towns you're targeting—Rochester, Dover, Farmington, and Milton—offer great potential, especially for flipping and buy-and-hold multifamily investments.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

@Dean GulloTo build connections in Southington and surrounding areas, join local real estate meetups, connect through BiggerPockets forums, get involved with local landlord associations, reach out to real estate professionals, attend town or community events, and expand your team.

Consider a scenario where a person owns a house valued at, for instance, $100,000, and they owe the town $40,000.