Thank you ahead of time.

Some of the architects I've talked to over the past year took over 2 years before they got the go ahead from the county to start building.

In other words, how does one really get ahead that much if the majority of that rent is going right back into the mortgage each month?

But if that happens, your visit isn't going to be scheduled ahead of time and it won't likely have a lot of time for fun and relaxation, so the location doesn't much matter.

Unless its in an are that they know will be increasing a lot in value and are just setting on it, but even then I'd go ahead and rehab it and rent it with intentions of selling it later. 

I read an article from Business insiders: The American suburbs as we know them are dyingIt's very interesting and basically talks about how the Suburbs are changing, malls are becoming ghost towns, and Millennials are move to more urban and efficient living spaces in denser areas where walkability is a benefit.Of course if all of this is true, buying into major cities ahead of the migration of younger people seems like an excellent strategy.In fact, we see this all the time and contributes towards a process of gentrification.

Last summer it needed a full rehab--triggered by tenant damage with smoke but went ahead and used it as an opportunity to go ahead and do the upgrades it needed anyway.

So realizing now that it'd be best to partner with others on your first few deals will put you a step ahead of worrying about financing.You should think big, but realistically as well.

@Monique Davis you are leap years ahead of where I was and those are two great assets to have on your side!

go ahead and fund the deal and close the escrow.