I have been interested in REI for a long time but have never jumped in. I

I think I finally found a good opportunity but would like some assistance to help evaluate if my math/thinking is correct .The area that I am in is over saturated with investors due to the Destination Medical Center plan proposed by Mayo Clinical Hospital.

So i found 80 bucks, subscribed to Zbuyer (they send you leads according to the counties you want to work in), i found a probate property, had no clue as to what was happening while I spoke with the wonderful lady.

I actually do not dread the tenant requests about ten years in (I was apprehensive my first year or two).

Should this be a warning sign as it's not a great neighborhood to rehab/ wholesale in? I

On the other hand, rental demand is very strong, at least for the areas I invest in. I

I have a small geographic area that I specialize in. I

Eventuall once I  master the market I  am in, I would like to venture into other markets to invest like Nashville, TN, Indianapolis, IN, and Atlanta, Ga.

A paint-and-carpet rehab with a few other things thrown in is $10k but it sounds like you have a little more to do on this one.St.

Where my confusion comes in is when does a bank change your rate from a residential rate to a commercial rate.