When I got tenants in, I aggressively built up a $15,000 reserve before I gave myself any breathing room.Nowadays, I make sure that I have $15,000 + $10,000 per property stocked away in a high yield savings account.

My mother owns 9 acres in a small rural town in MS.

@Adam Salentine I'd try your local town agency first, then find local apartment associations and multifamily meetups in the area and ask the local investors.

It also is on the close to the rougher part of town.

The governing entity for the local city or town.

How much value is built into the deal?

I actually have a friend who moved out of his first house (that still currently has a mortgage backed by a VA Loan), and was able to use the VA Loan for a 2nd time to built out another house.

You could remove the stone and surround the fireplace with built in bookshelves.

Don't know how I missed this but I just want to make sure others don't have the same thing happen to them.I got a good deal on a home in mid-town Coeur d'Alene, Idaho, which is becoming really hard to find.

In the last year, almost every building around me was bought and now high rises are being built around this purple line.