I believe a lot of the “buy here pay here” auto lots used it.This may be in your loan terms and is the reason you owe more than the original loan, after making payments for years.  

I would read all you can about different strategies and markets for a bit and then figure out which strategy is most enticing to you (flipping, short term rentals, long term buy and hold etc.).  

Private money may cost you more in the end, but as long as you know the terms and are fine with it.  

Contact the local Assessor's Office to find out how much.You state this is a "college town property", but the rents don't reflect that.The low rents typically are reflective of long-term tenants that the current owner hasn't raised rents in awhile.

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Most are in the 1,000-10,000 acre range.Probably the best way to leverage solar (photovoltaic or "PV") panel farming is to own land and get a major developer to lease it long term for panels.

I wanted to share that some of the best deals take a long time to come to fruition. 

I know I still have some more learning to do, but I feel I want to focus on flipping and/or short term rentals to start.

Hi Joseph, I own 3 SFR long term investment properties, and have gutted 2 down to the studs and rehabbed.Then I help out a handful of investors in various ways.

However, Matthew reminded me of my long-term investment objective and assured me that the property would appreciate, given the strong real estate market in Alabama.