From asking around the community, it is difficult to find cash flow under the current market conditions.

Purchase price: $300,000 Cash invested: $70,000 Sale price: $450,000 BRRR method using an STR property that has projections in the 75k gross rangeUPDATE -- did rent well.

I want to open up the HELOC to have as our emergency fund so I can deploy some of the cash we have saved up right now.

So while its less cash out of pocket up front, you end up with much less equity out of the gate.

I would connect with some investor friendly agents and if they're experienced, they should be able to provide insights from an investor perspective regarding the target market since they have done so with tons of past clients.

There is no hard grading system on investment properties so “Class D” would be a subjective term but ideally it would refer to the “state/condition” of the property, “quality/affordability” of the tenant base and the “rent/income” it could provide.  

Purchase price: $1,450,000 Cash invested: $2,000,000 Sale price: $2,300,000 300+ lot RV park that is located outside of the city limits of Addis at the intersection of Hwy.1148 and Charles Ory Road (about two miles from Dow Chemical on the West Baton Rouge side of the West Baton Rouge/Iberville Parish line).

For example, a plumbing issue comes up, and Appfolio automatically creates an invoice from the property manager to me for the plumbing services provided by a vendor. 

I would make sure you have a good team ready to go and be ready to pounce whenever the opportunity presents itself.From the lenders perspective, it can be kind of tricky because there are plenty of properties that cash flow well, but even fully-rehabbed they are less than 100k, which make them difficult to lend on.

Said she paid regularly but often in one dollar bills that were kinda moist.I agree with what the others have stated regarding terminating a month to month lease (as opposed to an eviction since you have to actual evidence to show her possible "employment").Just be certain you are aware of how much notice you have to provide, when and how to provide her with this.Gail