Please share your advice and experiences  Hi Richa,Is your existing property inside or outside of St.

A few questions for those who have experience with this: 1.

I do have monthly mortgages to be paid and not having rental income to offset my negative cash flow has been a learning experience and really trying to think of what options I have to have better success at this.

Quote from @Burke Atkerson: With over a decade of real estate investing experience and over 100 flips, I now provide private money & hard money loans.

I have sold a couple of businesses as well, and speaking from experience, you are never more vulnerable to make a mistake than when you are sitting on a giant pile of cash.Also, I agree with @Corey Conklin - I'm a big fan of "overflow cities/towns" in the sun belt.

Sorry about your experience.

I live a few hours away now but I'm happy to give you info about my experience there if that helps.  

Just curious what your background and experience is in this field.

I have met a few folks recently who are active in that market and I am planning on following up and seeing what their experience has been.

You need to work with a property manager that has experience with this, unless you plan on doing it yourself.