If any large expenses happen within the first 10 years of owning you are basically at break even at best or have  a loss.

I have some basic questions but they seem too simple and too few. 

I have some basic questions but they seem too simple and too few.

While driving for dollars I can cross a distressed home, I wrote down the address located the owner and got her contact information.

Also something I've been looking at is buying properties in areas that are a two hour drive away, but we all work "9-5s" and will have no time to visit during the week, but again since this is our first project what is people's thoughts?

While driving for dollars I can cross a distressed home, I wrote down the address located the owner and got her contact information.

Basically use the loan just to acquire the property faster and continue living where you would pay to live anyways.

When I pointed it that the nearest branch was a 10 hour drive, it didn't phase the customer service person in the slightest.

My issue with SC is the property tax on investment properties is basically double.

We owned a 2 bed 1 bath that we purchased in 2006 and shortly after buying it we learned from the city records that the 200 SF bonus room was not a legal addition and the walls were basically poorly mortared cinder block on a concrete floor that was covered up with drywall to make it appear like a finished space.