Builder ends up screwing us over and we are out $250k which we are in the process of trying to get back.In the meantime, I'm trying to get a private or hard money loan to finish the buildsCurrent mortgage 273,000Rehab 1 - 150,000Rehab 2 - 150,000Current value for both places approx $350,000ARV $1,000,000 for bothPlan is to refinance and hold as STRI feel that these numbers are reasonable - am I missing something?

I've seen along I-20 (between Atlanta and Birmingham), or along I-65 (between Birmingham and Huntsville), areas like Oxford, Lincoln, Pell City, Cullman etc,  there are some new builds 3bd/2ba for around 200k - 220k range, rent for about 1.5k, for a buy-hold strategy, I feel comfortable as long as it has a positive cashflow (with 25% down). 

Do you plan to repeat this strategy consistently in the future?

I could sell the condo and "exchange" for something hopefully bigger but I'd love to hold and hang on to the San Diego property.

Looking for fix and flip and maybe buy and hold for long term rental.

I would have kept the house, but the timing in the market was right and I would have been unable to continue managing the property myself so I made the decision to sell and hold on to the cash that was made from the deal for my next investment.

First thing is to know the local Law based on the Rental Lease that you hold.

My group buys and hold properties. 

or just keep holding out and saving? 

Investment Info:Single-family residence buy & hold investment in Simpsonville.