Some people just get off on being the biggest fish in a small pond... while crapping on all the other fish...

The city is a good source of jobs.

The biggest thing I would have done differently would be in the negotiations to purchase the property.

Its good to have a source of like minded/experienced investors.

We plan to vacay and scout out the area for our own future rental property.I would think a good property management is key too, if it's a few hours away.Or at least an infrastructure to "clean"/ inspect between visits.I have seen many different contracts. some just a page, some a novel.I have seen relaxed landlording based on the honor system.I have seen strict landlording with RULES and REGULATIONS.I have been in homes, where stuff broke and they were able to fix it right away...that is my biggest issue b/c this lake is 2+ hours awayOne vacay home had a local residence to help monitor their guests (us)

I am willing to invest outside my region if the financials add up.I know this website is a great start and I plan on spending many hours reading and listening to podcasts, but, what other sources are there?

Biggest thing is communication.

I'd factor in an extra $500, not including fixing the source of the problem, which could be a cheap fix or an expensive fix...no way to tell from the video.

So, getting started really means you must have income from some other source that you can use for the qualification process.So, you're really looking at private money (i.e., from someone you personally know) or hard money.

That's the biggest hurdle is just pulling the trigger so good work.