The main problem was that there are no comps in the area that match the sq. footage of the house so we weren't really able to estimate a good ARV.

My 3 main selling points with my 24 STRs are this.  1.

Individuals can invest in private real estate by acquiring assets actively as a direct buyer, or passively with a private real estate investment firm, an online crowdfunding website or a non-traded private Real Estate Investment Trust, or REIT, which is not exchanged-traded and subject to market volatility.But three things are not confusing: the main benefits of investing in private real estate.

with no history of investing, you best option will be to purchase a property as owner occupant and house hack. this is the main way people make purchases under 20%. in fact, most banks want 25% for investment property. you will find that any loans under 20% are going to be almost exclusively for owner occupied properties

:)There is one main REIA in town Memphis Investment Group (MIG). 

@Scott Trench I read the book and it was great, solidified that I was making the right choices and provided insight to more things to consider. 

If you use it for a bunch of other things, that would be a huge PITASome people advocate a separate account for each property (which I think would be a huge pain) but I guess this is the main reason whyDepending on the state and judge, once you accept partial payment, it changes what you can legally do since you technically agreed to a "payment plan" on what he owes you

On the list side, your main job is pricing properly and coordinating showings and offers, which is even easier because a flipped property will be vacant and you are the owner so you don't have to present an offer to anyone but yourself.

Sorry, I could not resist.Seriously, the main points are simple.

Las Vegas is way more expensive than 5-10 years ago but if you live in California you’re choices are vegas, Phoenix or far far away.