Bought a single screen theater in a small town and flipped it a year later for 50x.

What I have found when speaking to attorneys on 1st position notes and getting a deficiency judgement is it can cost $1,000 - $3,000 to get the judgement, and unless they have other properties as collateral your chances of seeing that $ is slim to none and slim left town or you hope slim hits Powerball or megamillions.

I do currently have 50k in home equity which I plan to use for down payments and some repairs on my first propertyMy question is, is it profitable to purchase commercial real estate to be used as a rental property in smaller towns?

We just took on a totally renovated property that a company has under contract for $131K 5 bedroom 3 bath, great area of town!

There will be times where I may be out of town for a few weeks though but it won't be often.

Especially after one of these scam seminars blows through town and gets a few fools to attend.

You should check the laws in your town as some areas you can only increase by a certain %. you can do some research and find this on the internet.

I imagine the margins are thinner, they take really great processes to stay in the black, and you really need to know what you're doing.I'm looking at a Missouri town, everyone I talk to there says there's a rental shortage. 

Being out of town, I'm thinking B class properties will result in fewer headaches while still cash-flowing decently.

I’m actually about an hour east of Cleveland Ohio in a small town, and go to college in Youngstown.