He purchased apartments for 60k which are now valued at 300k but it doesn't seem like they'll go up any higher.

I have started analyze the deal and am still working on the details. monthly costs are roughly $1300Potential income is between 8k-9k dependingcurrently only 1 lot active at 950/mnth9 others with mobile homes in need of repair - cost of rehab of all units could be up to 100klot rent would go from 300-400 per without homes in this area seems like a pretty high upside and not very low downside to the deal.

It would seem like investors would want the conference here...more "local".  

That way accounting seems to be more likely to be correct.Good Luck

As a busy mother and devoted wife, you seem to have a lot on your plate in addition to your work as a nurse practitioner and small company owner.If you want to buy your first short-term rental (STR) property, you should set realistic financial goals, specify your investment criteria, and do extensive market research.

I realize this may seem ludicrous to most, but none of the typical apparent options are available.

I want to avoid F&F but given that I don't have a track record yet, it seems F&F will be the right way to go...

These areas seem affordable compared to where I live in dfw.

Hi All,As I look at my options to finance my first RE deal, I was researching the early withdrawal penalty from TSP (Federal equivalent to 401K) and just learned that I can take out a TSP loan with no penalty, no tax impact and just have to pay it off with interest (seems to be 4-5% range right now) within 60 months. 

From what I have read on the BP forums on this topic it seems as if your best bet of achieving this is going through a smaller bank and not your typical larger national banks.