I've found an off-market property that would require $175k purchase, $35k down, $20k in repairs, with a conservative ARV of $235k. 

My first duplex was a turnkey, off market property.

With everything paid off, they’re looking to slow down but are hesitant to sell due to capital gains considerations.Purchase Price: $1,750,000.00Downpayment: $400,000.00 - Will do a 1031 - Selling two of my SF properties for the downpayment (bought for 120k + 146k back in 2017 & 2015). 

@Juan PerezCongratulations on paying off your first home and transitioning it into an investment property!

We're trying to get our first rental property paid off with extra cash.

If you want something more passive or hands off then there are turnkey options as well where you can get cash flow but will be buying more at market value.

Would like to be more hands off as well.

It was a fun realization so I thought I'd share it here.I purchased my first real rental 11 years ago off the MLS for 108k (put 20% down).

You better off search local.FB groupsThumbtacketc

It was a true trade-off as the Logan area is more limited in STRs and new builds so ADRs are higher and likely to stay there compared to RRG where the market is headed towards being flooded and there's the potential of ADRs going down like in Gatlinburg/Pigeon Forge area.