Once you have the experience and Financial support, go for a Climate controlled location in an old neighborhood that is high income or rebuilding itself. 7ZoningSee post8Site locationHave several searches and deals going at once, most of them won’t pan out for the price you are willing to pay.

I would love to know everyone's thought and how they think the national market vs their local market will pan out in 2021

The County and other Cities in the area generally have pan handle lot criteria, but don't have the small lot subdivision ordinance.

Then you take over the payments of their current mortgage and the headaches of the termites, toilets, and tenants and they just get a nice fat check every month.

We were talking shop, I mentioned I would 100% need a Property Manager, as I am not in a position to take calls about clogged toilets and such. 

In either case, you can't work on the property as it must be a passive investment (e.g. you must hire someone to fix the toilet and can't pay the expense with non-retirement funds).7.

Talk to a commercial lender: to see if all your numbers pan out. see if you can get an equity line of credit for the equity (coming into the loan) * at the same time: you will put down 20k so the equity line should be for 20k (and increase the line as the units appreciate in value): this way you can have available funds incase something happens: i.e.: tenants vacates: eviction, repairs, or simply buy something else in the future (you don't pay on the line of credit unless you use it or a portion of the money). 

Hey BP,I am renovating a small bathroom (typical Philly row) and I'm thinking of leaving the tub and wall tile (needs a good cleaning) and replacing the vanity, sink, floor (install tile) and toilet.

However, based on my experience... make SURE either the box is sealed (brand new overstock or last year's model, etc), or that ALL the parts are in the box (if it was an open, obviously returned item).I'd recommend spending your money on stuff people can see or touch... upgrade to new Decora switches, new toilet, new fixtures, doorknobs, etc.

When a toilet gets clogged and have trouble getting someone out to do it "aah, well, i can just stop by", it is a black-hole that sucks people in that is NOT investing, it's being maintenance tech, or caretaker etc..