Account Closed Thank you so much for the feedback.

What's up @Natasha Rooney! 

We just closed in November on our first duplex in the 4th Ward, which will also be our first section-8 unit... the area is definitely a beast of it's own that has come to be the trouble spot of Janesville, in my opinion, due to the large amount of "slumlords" in Janesville.

I looked around a bit and didn't find anything that came up in relation to my personal question.

I have done a few rent to owns over the years, I actually just closed on one the beginning of September.I Converted a long term tenant into a buyer.  

an advantage might be something like:-used to live there and know it well-it's close by-have friends and family there-like to vacation there / want to own a second home thereif i were you, i would pick a market you can go to in person often, or at least in the beginning when you can look at properties and set up your team. 

When you talk about liability you can offset that by making sure you have a good Insurance policy and close the loan in an LLC.LLC protects you and your assets from lawsuits and any litigation from any and all accidents/injuries.

Southern impression is primarily a single family home builder and their floorplans are all too large for profitability. they are overbuilding each unit and adding unnecessary things like garages that don't get you any income and only drive the construction values up. a garage on it's own isn't with much more than what it's built for and doesn't really add to the equity gain in new construction 

I used a local independent agent and when this was his best answer - I tried to shop for other options and came up empty so far. 

true cash flow is only going to come either (1) after many years of ownership, when the property is stable and rents have gone up; or (2) with a completely different, probably tougher strategy or niche.think about a down payment, closing costs, light repairs, rent ready costs, commission to the property management company, then you fix a dishwasher, then in year 2 the furnace goes.