However when you compare that number to the 19 million+ tourist that visit, the crime rate is actually low. 

It could cost more.

In addition, the lender is going to incur costs including losses do to the time value of money if you stop paying and they have to take the property back.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Personally, I'm betting my own money on it, looking for investments now that our inventory has creeped up to about 4 months supply, which is still pretty low compared to most markets.  

Meaning you will only be able to get 75% LTV cash out and on a $225K value (if appraisal comes in at $225K) your looking at a loan of $168,750.00.You have to factor in closing costs and your loan payoff which might put you around $138K to $140K which leaves you with $27K +/- in cash at closing.

Your target purchase price is probably too low. you’re probably looking at around $125 to 140,000 per door.

Hi Sylvia,I’m seeing vacant lots within HOAs like The Hideout, Indian Rocks, and Lake Wallenpaupack estates that have high margins and researching the area, I found at least a couple similar lots in the same area selling for %200 profit on the low side. 

This is a costly addition to your team.

It seems low per your description.