So that has made some changes to my search.That being said, I have not reached out to State Farm, Allstate or Liberty Mutual.

On the other hand, if cap rates remain stable and you sell at a 5 cap, you'll be ecstatic because you'll blow through your projections and post all over BP what a great deal you just did and why you are the best investor that ever lived.Now let's say that you underwrite to a 5% exit cap and you are satisfied with the forecasted performance. 

To keep going, join local real estate groups, get a mentor who knows your chosen area, start with small deals or team up with those who know the ropes, and keep an open mind as what you like may change. 

I would also hire a contractor to estimate repairs; I don't think I have ever purchased a home that just needs $5,000 in rehab.

The property card indicates 1,485 and has never been changed from the original state it was built in.

We often find that tenants have not entered in maintenance concerns, didn't change filters, and even moved in pets.

Helocs are also much harder to get on an investment property versus a COR.If you ever have any question feel free to reach out I am always happy to talk REI!

let me know if you ever have any questions in regards to fix and flip or ground up construction financing 

I would suggest proceeding with caution, you want the freedom to change PM companies if one doesn't work out.

Offered to buy if he ever thought of selling.