Hey Guys,My name is Caleb Sundell, I am a young sports performance coach and I’m looking to start getting into real estate investing for the long term.I am looking at SFHs and some small multi-family’s in the Spartanburg area.

I can not predict how these will do, but the location and amenities should make it perform well.  

You will always have to keep your real estate machine running in close to top performance, this will add stress in later years.

If you are new to renovations I would highly suggest pulling a permit so that you have some assurance (inspections) the work that is being performed is to code.

But still good to do your own research to make sure what that person is telling you is accurate! 

Learn/remember the 50% rule; I find it is semi accurate for lower rent locations. 

Burleson is booming, Cleburne is on its way with the new toll road making access easier to downtown FTW. 10 of my rentals are in JCO, they perform as well as any other.

Unless stated in the contract somewhere (which based on your post I'm assuming it isn't) the seller has no requirement to extend and, since you are the party that is unable to perform under the current contract there is probably nothing you can really sue him for (this is not legal advice, just an opinion).

So ultimately I can't claim an aggregate 199A benefit on the gross total from my income generating properties alone, I will need to perform a net calc across all 199A eligible properties.Feel free to correct me, I haven't reviewed the latest and the greatest on this provision.

Yes, I own a couple in the area and I checked Rentometer so I think those assumptions are accurate. 2.