With the funds, would pay off the draws against the LOC and then set aside remaining cash so we can eventually build up a war chest big enough to not have to utilize the LOC.

The last 4 unit I saw sold in Dover was 33 Park St it was listed for $290 and sold eventually for $271.

The moral to this is to have a strategy to eventually "Go big or go home!"

I'll sell the house with the lease in place, but they will eventually get booted.

I hope to eventually save enough cash to put a down payment on my first rental property (maybe flipping or wholesaling). 

Also, if I bought it I would do so assuming eventually I am going to be in an eviction situation. 

I stay on realtor.com and mostly all multifamilies are in SE, well the more reasonable ones..haha I would love to eventually get something in NE or NW.

I'll certainly let you guys know when I eventually follow through.

Hi all, total newb to investment properties here working a 9 to 5 in a high cost of living area (San Francisco, CA), and investing in an income property, and eventually moving to, a lower cost area (Chattanooga, TN) which also has much more favorable price:rent ratios than the Bay Area.

Until then I plan on finishing my Bachelor’s Degree in Real Estate Studies, obtain my real estate agent license, and eventually a broker’s license with the intent of opening a property management business in Southern Alabama.