All ears

There are a whole lot of active investors you can connect with if you join the Baton Rouge REIA/The RING that you can find on meetup dot com.  

When I spoke with the seller he advised to take a look at the property and please make him an offer to get rid of this "headache" so that was music to my ears.

I was upfront, and straight forward before the process began with the originator and his processor, I am aware its difficult to find someone that does portoflio lending in these areas but my ears are open.

Definitely ring us.  

My sister will be my eyes and ears and she is living in the community where we are planning to invest so she can react fast.

I've had luck working in the inner ring southern neighborhoods (Mt Wash, Brookline, Dormont, Castle Shannon, Beechview, Baldwin)I own many in Mt Washington and it has been easy to find tenants, but they are young so there is a lot of turnover... starting to look a little further out as I have come to realize that in more "suburban" areas you get older people who are decent tenants and hang for a while.My Mt Wash properties turn every 1-2 years... bought a duplex in Dormont 4 years ago and have had one turn in 4 years ...

As for 15 vs 20, I was told that the interest rate between 30 and 20 year loans are not vastly different, but 15 vs 30 does make a difference.I am planning on buying another property as a rental and will likely take a 30 year mortgage to make sure I can at least break even for a couple of years if I rent it out.It's good to hear everyone's thoughts and rationales and then decide what rings true for you.

In that case, @Austin Hughes might get more similar calls - that is, if those same interlopers don't get too busy ringing EACH OTHER up!...

With that being said I'm all ears and would love any input!