This deal was interesting because we were under the time constraints of the 1031 exchange rules, we were rookie investors looking to cash flow while minimizing those costly rookie mistakes, it was a sellers market and COVID's grip on the economy and the movement of goods and services had such a negative affect on the cost of materials that we decided the BEST case scenario for us would be to land the funds in a turnkey property that was cash flowing immediately.

My biggest problem currently is getting all of my financials in order with cutting cost and minimizing debt which I know over time I will reach my goal as long as I stick to my plan and keep saving, maybe even getting an additional part time job just to introduce a little more into my savings.

This deal was interesting because we were under the time constraints of the 1031 exchange rules, we were rookie investors looking to cash flow while minimizing those costly rookie mistakes, it was a sellers market and COVID's grip on the economy and the movement of goods and services had such a negative affect on the cost of materials that we decided the BEST case scenario for us would be to land the funds in a turnkey property that was cash flowing immediately.

On a non-turnover year it will take you about 20 hours per unit and that is with minimal maintenance issues arising. 

Once the tenant moves out I don't waste any more time asking for the new address.

No surprises that 2/3rd of Litigation's in India are property related and in most cases it takes decades of wasting time n money in courts to get some verdict.Then many landowners have bad experiences with Developers too, so many sign JDA to find developers not doing anything on project, land gets locked for years.

The whole cost should be pretty minimal (compare to 300k) and result in a decent stream of income which should offset most of my current mortgage (the whole house hacking kind of deal).

Any items stored on the porch (or in the yard visible to neighbors) shall be minimal, be arranged neatly, and must not impede access to the unit.

Property had minimal work needed to be done and we bought using an FHA loan!

On one end, you have the people who think every nickel of equity not used is equity wasted and the other end is people who would never dream of entangling their home in their investments in case the investments went south.If you're on the every nickel end, get a HELOC and go as high as you can.