I’ve been in a similar situation, and I think the idea of buying in lower-cost areas to renovate and rent out is a great play.

There are a multitude of factors that come into play such as the type of property and its location, and the structure of your investment portfolio.

My four adult children are out of the house; so, below are goals for our 11 year old and me.Read 15 minutes per day and log it.Set limit on daily electronic use.Clean up after himself (toys, push chair in, dishes, clean bedroom, clean car).He plays sports and has a few tough baseball goals that he works with me on (inside/out swing, pitching mechanics, 3B fielding). 

@Jordan Sachs I can not speak to PA but in MN, yes, I have seen similar scenarios play out. 

So for sure it's a cashflow play, but don't expect much on the appreciation side.

For me, 2- 4 plexus are, most of the time, a cash flow play, and therefore, the ARV is less important in the analysis.

have seen this play with eastern Block women . 

I played collegiate football at Montana State, where I learned the value of discipline, teamwork, and persistence—skills that I now bring to my journey in real estate.

There is much confusion about the 4% and 6% in property taxes.Non owner occupied property is taxed at 6% of the value to get the taxable value.This does NOT mean your actual property tax is 6% of the purchase price for rental property,In reality property taxes are about 2% of the purchase price for rental properties and about 1% of the purchase price for owner occupied properties.Google Greenville County Property Tax estimator and play with it and get a sense of how it works.3.

There’s nothing wrong with playing it safe, starting small, mastering your strategy, and then scaling up—especially when using other people’s money.That said, as others have mentioned, house hacking is a fantastic strategy.