Luckily we’ll recoup most of the once we refinance but my point is if you have the funds then put the money into the place.

I am asking about a real estate portfolio specifically, not your overall portfolio that may consists of stocks and/or bonds.Do you build your RE portfolio based on a predetermined percentage of each asset class (ex. 50% residential properties 50% passive funds)?

If you're planning to use it as a true revolver, an equity line of credit is probably still the best option, even at 10%+, because use of the funds wont be constant.

I personally think out-of-state investing is a top choice.

With nobody able to see the unit in person, I had no competition negotiating and was able to get the house for over 20% under asking whereas it should have sold for full asking or slightly over on the open market.

However, as you stated, Memphis can vary significantly by street, so I recommend visiting the area personally and observe the specific streets and surroundings, or doing a zoom call with a trusted realtor who has physically been there. 

Regarding the septic approval, my understanding is that systems are rated for number of bedrooms under an assumption of usage and per person usage.

Here are some of the responses I received over a year ago from Zillow:First response:“I appreciate your patience while I investigate the location of these funds.

I’ve only sold 2 personal residences and I sold them both myself.

First person I met was the section 8 case worker.