It’s a great town, I would caution I think the rental estimates you mentioned below might be hard to achieve.

How can aspiring entrepreneurs streamline the way they achieve their biggest real estate goals?

Armando, it sounds like you are planning to transition back into a career that you have prepared yourself well for and in which you have a great foundation to achieve your dreams.

It is all in what you want to achieve and what you are willing to deal with.Tying up owner occupied financing is the benefit of being a new investor.

Calculating 100$ positive cash flow is a lot easier than trying to figure out ROI and/or other crazy and complex abbreviations.To me it makes a lot more sense to figure out your long term investment goals and then work backwards from them to see, how they can be achieved.

(There have been 1 to 4 unit foreclosures that were gut jobs and sales comps are hard to come by)3.Georgia is a non-judicial state meaning foreclosure costs are low and we have only a 30 day time line to foreclose.4.Seller would not have to come to closing with money and instead can give credit off the sales price and use the money down to pay brokers commission,closing attorneys fees etc.5.Seller achieves a higher price with owner finance.Dis-advantages I see:1.

After learning about cash return on investment and debt service coverage ratio, it seems to me that a nearby city to me, Harrisburg, PA, would be an optimal place to achieve the appropriate numbers.I've been told 2.0 for DSCR is solid and Cash ROI above 25% is a good target.In Harrisburg, properties can be bought for 15,000 with 7,000 put into them with potential rents of 800.

~Napoleon HillGreat achievement is usually born of great sacrifice, and is never the result of selfishness.

So for example if your goal is 10K/mo cash flow from properties and the purchase and conversion will allow you to achieve this...then your answer is obvious.Here is another example: Your goal may be to pull outa quick 200K and still cashflow the property 5K and maybe you can accomplish this by buying it for 500K using the comparable approach; however, after you do the conversion you refinance it using the income approach and it's worth 1M and you get a loan for 700K.

I achieved that goal in a relatively short period of time...1 year.