We want to invest 20% and fix it a bit (the house is just 4 years old and just need some tlc.

This can hurt you financially, and it can hurt more than tax savings.I'm all for tax planning, I do it for a living, but don't lose the bigger picture while focusing on taxes. 

I personally paid a little bit to get the 3 year PPP on my deal because I have relatively high expectation for appreciation for my market, but if I invest for cash flow, I probably would stick to 5 year PPP.

@Bruce Lynn are you still favorable on Forney for a SFH a rental property investment.

You must purchase new investment real estate. 

If you don't want to deal with an HOA, the best thing to do is sell and invest in something else.

Investment Info:Single-family residence fix & flip investment.

I had a lot of luck with ASI ASI and Safeco early in my journey, and then I stumbled upon a different class of insurance companies that are more geared towards investment properties.My policies are currently underwritten by SES and they have been great to work with and very geared towards the investor.My insurance agent is a sage source of counsel on the subject and I bet he'd be a good resource for you if needed!

Hello BP Community,I've managed to save up around $90,000 to invest in my first rental property.

OR should I be saving to just buy an investment property?