The back-up plan is to simply flip the property and take the cash out now for the next project.The Project (2 unit Multi-Family):Acquisition/rehabLand Acquisition:     275k (I'd use my cash to buy)Hard Money Loan:  100k (I might use my home equity line at 4% APR over 20)ARV:                           465k (This is my best assumption based on other comps)Refinance:                348,650Cash out:                  26,250Income:Rent:                         1800x2 (This is conservative)Capex/Maint.          300x2Expenses:                400 (water/trash/electric/sewage/insurance)Using these numbers the property looks like it generates a COC return of about 30% per anum (on the 26k outstanding).

Looking to do some buy and hold outside of CA to generate some cash flow.

With double deposit escrow smart contract, the deposit account is only generated between the buyer and seller, and is only controlled by them.I understand that this new technology has gotten a bad rep from criminals evading taxes and rampant speculation from others, but it's simply an unfortunate side effect of any newly emerging technology.

Yes,  go to the town website and look for something called an OPRA Request. 

Here's a link to the page in the city's website, if anyone is interested:http://www.hartford.gov/dds/232-development-servic...

So, if you are paying for a fair price for units in less than top condition and the rents make sense for the price (generate good positive cashflow), then you really don't have to worry about tenant turnover.

That's how you know where your emergency point is.A lot of clowns in real estate (this website included) swim naked.

Glad you joined the best real estate investing website!

I live in the Buffalo, Ny area and I've been looking around at every online website I know of to find different properties, then I go to CL compare the average renting costs in that area.

I'll PM you with our websites as well.