Granted his target audience for this advice is largely those who have trouble managing their finances, but a lot of investors with strong financial management skills might be better off performing their own analysis to arrive at a decision to finance or not.

In general in this area of CT it is hard to make the numbers work for SFH rentals in areas you would actually want to own one in.The multi family rental market in Middletown is very strong because you attract renters from east and west of the river, and it is a more than reasonable commute to Hartford or New Haven from there.I went to HS in Wallingford.

You'll want an attorney presiding over the transaction.That said, I strongly urge you to seek training before proceeding.

This is a very good question and one I feel strongly about when new investors are interested in becoming a landlord.

A personal goal of mine is to build a portfolio and a strong team here, so that I can live back out on the west coast in Seattle/Tacoma  close to family, and raise my kids.

IMO without knowing much more, it's not going to be a strong retail property and id make sure you want to fully rehab such a property.

@Joshua Sayre, I am a big fan of the TX market and own a 200+ unit in Dallas and making a run at a 300+ unit deal to buy in the next 90 days.If you are just starting out I would strongly suggest you get very clear on what your investment strategy will be in buying properties in Texas.

I just did not see that as reasonable for a home of the price range to 1) sell quickly nor 2) command a strong sales price or get into a multiple offer bid off.

I did not want to replace the tubs, and the refinished tub looked much better than before.If you are using it on a higher end rental or on your personal residence, you may have higher expectations.Please note that you should definitely have a lot of air circulation (ventilation) in the room - the smell/fumes are quite strong. 

@Ewan Tong  on the face this is fine and done every day.. and the LLC allows for uneven distributions.As Bill states though banks generally will want anyone with more than a 19% interest in the LLC to be on the loan and if a PG is required to PG.That said if your credit partner is strong enough then it should work fine.You may have to sweeten the pot a little for your credit and state side partner who I would think is going to run the show.