I have been investing in the Las Vegas market for a couple years.

There isn't enough information in here about the current state of the house to be able to advise you, but I would think #3 is a definite no as it seems unnecessary from a cost perspective although that market has scale to accept it.

In that case, I would have PMI until I refinanced, right?

You can DM me her contact info.Kevin, I noticed you are based in New York.

Hello all,My name is Slavik and I'm a new out-of-state investor looking to invest in Jacksonville, FL.Currently focusing on single-family houses, without a specific strategy in mind.

Quote from @Megan OConnor: I am new to investing and we are thinking about a STR in Ludlow, VT.

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

Do you have any other roadblocks in your way?

Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.

For example, a $550,000 two-flat in Albany Park might bring in $2,500/month from the rented unit while you live in the other—covering most of your mortgage.3.