My area as I said is cheap, and growing rapidly.Would you recommend I purchase a property with the money I can play with?

Louis and it's currently renting as an airbnb.I would love to invest in my area, but my goal is buy & hold cashflow and last time I looked there wasn't a whole lot out there around the Boulder/Denver area that was cheap enough or had good enough returns.

So cap rate purchase is generally low and you are hoping for increased rent growth to further yields unless you built the complex from the ground up to own then you might have a 10 cap rate to cost versus buying in the market for a 6 for class A apartments  with little operating expenses.Watch out for (newly renovated) properties where some syndicators and sponsors do rehabs on the cheap but the expensive items are fixing to go out after you own it reducing yields heavily in future years.Newly renovated to these sellers might mean carpet,paint, some lighting fixtures.

Jeff also now has the ability to sell his property (or any portion of it) without recording a deed in the county records, because he can sell his LLC.In Oklahoma, LLC's are cheap to form ($100), cheap to keep up ($25 a year) and don't require annual meetings like a corporation.  

ive seen properties that needed to be tented and eradicatedthis is not cheap then you have rehab on structure areas and these may be load bearinglook at all the areas that were infested and make some numbersif you can pull off the extermination and rehab for 25k then you may be sitting ok depending on how you structure the deal and what they think the property is worth25k is just a number youll have to really sharpen your pencil to see if the project is worth itenjoy

Louis, MI has property on the cheap with good cash flow.

Louis, MI has property on the cheap with good cash flow.

Finding an old home for cheap to fix up is a nice idea, but that will be tough to find somehitng that actually needs repairs, not just updating and also get qualified for a loan, unless you use the FHA 203k deal.  

Search BP and I am sure you will find a good one for free or on the cheap. 

Shouldn't be hard to find cheap land up there closer to Kentucky.