Here's how my priorities lie:1) positive cash flow2) pull out as much invested capital upon refinance3) long term appreciationI'm an out of town investor deciding between a couple different cities and San Antonio is the front runner right now; However, I read a post about another out of town investor having a hard time finding a contractor that would quote him a fair price which is a major concern for me.

Turns out the water had been turned on at 10am today, and from that time until 4pm when the seller walked in and noticed, the toilet upstairs had been gently burbling over the top of the tank, running down to the floor, and finding its way into the basement.

I’m starting to reach that point of analysis paralysis and haven’t pulled the trigger.

I think I might just be a bit anxious to pull the trigger...

In addition to checking their personal information you could pull corporate information from Dunn and Bradstreet as well as looking them up in the Corporation commission in your state.

What if the broker offers to pull permits, rehab, find tenants or sell at market prices for a 50/50 split and turn around in 12 months (from rehab to rent/sell, exclusive of permitting)?

And to be honest, there could be more but we are trying to be gentle with our tenants and not expose them to too much change too quickly (although some of it is unavoidable).  

As soon as we can pull equity out of the new house, we will want to begin investing in rental properties in the Nashville area.

I currently do have a HELOC on this home that I have been pulling and putting back for flips and projects but its only about 70k.

I used a FHA loan to get in to a HUD home, lived in it and completed the renovation, leveraged huge equity  to finish a second renovation that was technically a new construction loan, sold the rehab, got a partial lien release combined with a re-finance from the FHA loan, pulled $30k in HELOC, bought another rental, moved, and then rented the original SFR...then on and on...lots of moving parts.It's a lot like feeling your way through a maze where you are at right now, but don't be intimidated.