I got asked to bid a job for a guy and someone came in and half the price.

That tells you that half are above and half are below. 

A year and a half ago, I was working as a W2 employee and then took some time off with little to no income until now.

you can have a great property. but the Sewer main line is 2 miles away and you need a pump station or two.. this is where bonds are perfect.. and were in our state it stymies growth since you cant front end load the project with that much offsite.. you do get some SDC credits but you got to have the big money up front to do it then wait to get paid back with no interest.  

For example say the deposit would be equal to one months rent but you make your move in fee half of that, the tenenat only has to layout half of the cash they otherwise would have upon move in.

@Jay Hinrichs there is value add in every market but unlike yesteryear when value add meant buying at half of rebuild cost and pushing rents a modest $100 yielded 15-20% cash on cash on the hold, today its forcing rents up to top of the market (and historically adjusted highs) and hoping and preying that those rents stay there and continue to grow (not to mention interest rates).

For example, in a condo building, we use $ per SF all the time to compare because they are so similar.Next door is probably great for it in a subdivision, but in Alaska, I am thinking next door might be 5 miles down the road.

Hi all,I am new to BP and just starting to research how to start becoming a buy and hold investor under extremely limiting circumstances and was hoping the BP community could shed some light on the best financing strategy to use for my first few properties.Current Financial SituationA little background on my current situation: I am 28yrs old working in television in NY ( making roughly 55-60k a year- yes it is brutal) I just bought my first primary home 2 years ago in Williamsburg, BK to lock in how much I’m paying for housing year over year in a place where incomes don’t increase as fast as rental prices (2 bd for 340k (this is an HDFC which is how I got a home for this price in an area where the median price is 1.5 million) ) so obviously my DTI is extremely high at almost 60% with no other debts besides my primary home (I also have a roommate who pays me $900 a month for her room which helps with about half my total monthly housing costs) (had a great mortgage broker that really helped me wiggle in to my first home)I now have about 75-80k in equity in the home and access to a family trust with a similar amount of money in it and was looking for the best way to turn buying an initial first property all cash into the ability to buy more properties( out of state of course- looking at different areas in the country from PA to TX to TN to FL).

Start reading (if you're not already), i'm trying to make it through half of these books within the next few months:https://www.biggerpockets.com/blog/wp-content/uploads/2018/11/Best-Real-Estate-Books-Ever.pdf

Purchase price: $59,500 Cash invested: $59,500 A 2 BR / 1 BATH Condo in Derry, NH. 0.4 Miles from the Pinkerton Academy.