Depending on the state, up to 80% LTV is possible.

Just google the following: - special assessment - zombie condos - Florida condos (look for recent news)Since you are not living near the properties anyways, why not look in a landlord friendly state where the purchase prices are lower?

That Profit number needs to be above our minimum threshold (which is large enough to handle any rehab oh $hits).I live in Phoenix but invest out of state.

If you paid under $230k, you’d save $30k in federal capital gains taxes and maybe another $15k or more in state income taxes.

The boogeyman of evictions and landlord hostile cities/states should be a secondary concern. 

Many local businesses that operate in the downtown area by the state park (including some famous attractions) close for the winter or reduce hours.

Zara--this is quite necessary and in full compliance with Federal and State statutes. 

I just completed my 20 hour course for my Illinois Mortgage Lending License and the final step is taking the state exam.

We live in the bay area because this is where our jobs are and we have family in the area, but we prefer to invest in landlord friendly states.

LLC in the state of operating?