I’ll add in the early years of Palm Coast it was marketed as a retirement community.

It’s a great market because it’s landlord friendly, they have a pretty stable job market and taxes aren’t through the roof like they would be in Texas.

Yes, I know I have to get my finances in order and work on my credit, those are the no-brainers, the reality is...If I keep waiting on everything to be "perfect" I'll be retired finally celebrating my first property. 

He is our local real estate, retired Air Force, guru here in Montgomery Alabama.  

Agreed @Justin G. and I will add a few more flavors of diversification an investor can achieve:Project type (Value-add, stable cash flowing, etc)Sponsor diversification 

More money to max out our retirement accounts and to save for other properties How did you find this deal and how did you negotiate it?

Doesn't that make it realistic to think that rents will be stable - or even be bumped?

I would post them here, but they're both semi-retired and might not want their info out in a public forum.Finding good handymen is tough, but once you've got your guy you'll sleep a whole lot better at night.

We were planning on retiring in the Denver area, but the cost of living here in Kentucky has changed those plans.

Think about it - a new car, fluffy retirement savings, this year’s vacation to Cabo, and college education funds, to list a few.