Crofton's only downside is 1/2 of Crofton gets bused to South River high school which is so so and far away but Crofton is building a new high shcool which will boost values.

Sale to investment groups, Lubbock is a college town, and the vacant lots are in the heart of college duplex rentals that perform consistently3.

Real estate is also my end goal, I love the game aspect of it and am an entrepreneur at heart.

Former ATLiens, but we've been living in Seattle for the past 10 years.All kinds of life events are pointing us back home, and we plan on being out there in two years or so.What we'd like to do is kick start our investing endeavors out there in advance of our arrival . . .We decided we'd like to buy, rehab (and either refinance to rent or just sell).So we watched a million podcasts, read books, did mock deal analysis, and have already automated some of the deal vetting process to make an offer.Comfortable with that, we pulled some cash and got a HELOC to serve as our own personal private money lender until that runs out, we can handle a few deals at a time, IF we could find them.Lately, we're really liking Pittsburg, Mechanicsville, all the way over to English Avenue, for a multitude of reasons:The cost of entry is relatively cheap thereWe're not first movers so we have watched before/afters on properties in these areas for a year or so and it seems doableI went to Georgia Tech, that area has always been near to my heart, sketchy or notHistoric civil rights area, I'd personally have some pride in making that more accessible I'd not mind moving my family into some of these areas when we leave SeattleWhat we are finding is most homes are going over asking and even then our offers are getting rejected. 

I think this inflationary period is due in part to retirees, but there are only so many old folks around to boost local markets like this.

So, my suggestion is to have a heart to heart with your agent.

Keep in mind that nobody but you has your best interests at heart.

Deep in the heart of Cajun Country.

For situations like these where a house requires minor rehab to rent, but a more thorough rehab to boost rental income, I'm starting to run the numbers both ways.

On the exterior we knew we needed a new roof.So what I had at this point was a 4/2 1492 sq ft built in 1996 in a sub division where I already own 3 other of these models so I could calculate in general numbers what the house would need being they were all built with similar layouts and finishes.Upon closing here is what the house needed to get back into rentable condition:While vacant home was broken into and all the copper plumbing stolenNew Flooring 1200 sq ftTwo bathrooms needed renovation since holes were made to steal plumbingNew water lines thru-out the houseNew light fixturesPaint interiorReplaced all the outletsNew Hot Water TankFix heart runs in the basementMinor cosmetic fixesNew roof I choose to go with metal roofs for the longevity and I am able to get them at the same cost as shinglePurchase Price 26kRenovation was 20kAll In 46kAfter 6 months I went to my banker to refi the property and it appraised for 86k they gave me a 80% LTV cash out refi 20yr term 10 years fixed at 5.5%Cash Out Refi          $68,000Cash in the deal      $46,000As you can see I was able to pull out more cash then what I invested by creating value I was able to pull an extra $22,800 Now I have had this property rented for over 12 months so I can give you my year 1 numbers:Gross Rents: $12,000Insurance             576Repairs                  138.77Supplies                136.22Taxes                   2517.47NOI before Debt  $8,633Debt Service         $5,616Cash flow              $3,017Now remember i have no cash left into this deal and I used the extra 22k of the cash out refi to purchase two more properties so my COC return is actually higher but for simplicity sake I am giving you simply numbers.Before Photos:After Photos: