Right now at 25k so 17k off.

But they pay based off rental comps.

For an FHA loan, you only need 3.5% down but if you're going to invest out of state, you won't be able to use an FHA loan unless you intend to move & live in the property. 20% down is required for a regular conventional loan.I started off as an out of state investor living in CA.

We live off her income so I can focus on building my sales pipeline and saving capital to buy our first rental property.

Cash Flow and Depreciation Write Off Lessons learned?

Hey all, I have several off-market deals (various cities) and am looking to build out a larger network of buyers.

The purchase price isn't low enough for it to be a good flip, and it won't cash flow even if rents can be raised that dramatically.have you purchased off market / from a wholesaler before?

I am interested in BRRR's, off market properties and flipping.

Would I be able to knock down and build a new home and once I sale, I use proceeds to pay off the first bank? 

At $1200 monthly rent after the increase, It would still be cheaper by $100 for them to stay versus finding a similar home, but they may not see it that way and I don't want to piss them off or make them leave because a $100 increase could be a shocker.