Jim Murray That's not a bad idea.

@Danny Van- thanks  1) if you have some equity in the property - you might consider getting a HELOC in place now  in case you  want to use any  equity in the future ...Its  easier to get a heloc in place on a primary home as compared to a rental  2) contact your insurance agent and  ask for an  estimate for how the insurance coverage and premium will  change  3) consider  a proeprty management firm if you dont want to  self  manage  4)  get any forms and  processes  in place  (  leases / credit checks / bank accounts/  etc ....)

I think maybe our family has reached the tipping point where it's wortwhile.JThink about something very bad happening at your property (think fatality or permanent disabilities) and then ask yourself what an attorney might sue you for in that type of scenario.  

I know the cash flow is weak, if not potentially negative, once insurance and taxes are included and that may immediately make it a bad deal for some investors.

I financed the rehab with a 0% credit card (i strongly do not recommend that if you're new) and so i had zero finance or interest charges for the entire rehab. 

I have $800k in equity right now but I have bad credit in my current situation.

Not in that market but we target distressed properties with bad roofs.

Hello! I'm currently looking to purchase a new construction townhome. To keep it short, there are homes that are right across from the units that looked a bit odd. I did some research (after the fact) and found out th...

Which areas in Cleveland do you find that quality tenants are attracted to living as a bad tenant can make all the cash flow vanish and without good appreciation there is not much to salvage your investment.

As others noted, an HOA is generally viewed as "bad".