If the inspection reveals a bigger problem, either you can try to keep the deal alive by offering a seller credit, which could motivate the buyer to move forward, or the buyer walks away. 

Establishing a good local team will be crucial for you. 

Some people love that as the initial numbers look good, but probably over the long term they get tired of the common issues landlords face.It's not that hard typically to find a move in ready property, or even to find one that needs minor repairs, where you can capture the equity yourself vs the person selling it to you. 

Just be sure to account for the upfront costs, ongoing maintenance, and market demand to make sure the numbers work for you.Good luck with your decision, and feel free to share updates as you move forward!

There's also a lot of mid-term demand in this area from people moving down and waiting on their home to be finished.

That way, when you’re ready to make an offer, you'll be all set and confident to move fast.

So, I would work to increase your knowledge and experience and really identify a strategy that suits you before moving forward with anything. 2.

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

How much cap ex is left to do and do you have to do any of it before a tenant moves in?

As well as coffee shops like Bottoms Up Coffee are moving in and small microbreweries like brew dog and Land Grant.