Pittsburgh and the surrounding areas have some great opportunities, and it’s smart to connect with local investors and agents to get a feel for the market.

Purchase price: $118,000 Cash invested: $118,000 Tried to buy a place during the pandemic in NY but was getting outbid like crazy over 100k, so I was lucky enough to buy a condo in tulum mexico and do a short term rental. 1 bed, 1 bath, with community pol, 15 minutes away from the beach and 15 minutes away from the city.

First off, of you have capital for the DP or money set aside?

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So could you take out the $50 you need in a term loan and also open a LOC large enough to cover any issues that arise?

Due to the income earned in the landlord account that goes to the benefit of the client, you should cut the check directly from the account through the bank and do as the law says, hand-deliver or certified mail.

Consider transferring to an LLC after occupancy, keeping the due-on-sale clause in mind.This post does not create a CPA-Client relationship.

Great Post-  I appreciate you saying what a lot of the Gurus fail to explain: that this is a long term process and in a lot of cases we don't see the benefits for years to come. 

@Raymond Charles Gretz Welcome to Bigger Pockets and I wish you the best in your investing journey!!

People see a pretty house (or any house) and simply click the "Schedule a showing" or "Request an application" box.