Have just enough ambition to fuel your drive, desire and to get to the goal that you want to reach.Have a wonderful day BiggerPockets and keep your eyes on the prize.

@Nova Mendoza - depending on your desire to be actively involved... passively investing in a syndication can be a great option to invest out of state.

It's a small house (1081 square feet) in a desirable area, on a premium lot (a little over 1/4 acre) on a cul-de-sac.

Price 1% rule =desired rent164,9000.011649Des Moines, IA 50311price 164,900MIP 0%total closingclosing co 250002500monhrent 3,600.00repairs2000cosmetictotal cost171,944 Loans price 164,900Down % |downpay3298020%some 6 plex commercial territory am unfamiliar with, just practicing the numberstotal loan131,920 Money Needed =40,024MONTHLY ESPENSES Changes to price come on look at them #'sPAYMENT$573Paymenttax $239M insureH insuretaxinsurance $58058insurance 000vacancy1805%repairs2527%management36010%CapEx45012.50%utilities 43212.00%TOTAL$2,544must pay$1,302reserves $1,242 EVALUATIONMONTHLY INCOME =1,056.00YEARLY CASH FLOW=12672CASH ON CASH =31.66100%8%+ = good15%+ = amazingprice for good cash on cash =already good.

you should have refi'ed anyway into a commercial loan so that the lien and mortgage is under the LLC's name for the limited liability protection desired (or else, what was the point??)... 

We offer 4 different payment methods to our tenants: Online ACH via our PM software (no charge) Deposit @ our bank ($3 charge) Credit Card ($5 + cc fees) Mail ($10 charge)Notice we charge a fee for the less desirable options to encourage the behavior we want:)

This is a great place to learn and network.If you are looking to connect with other members near you, or want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/usersI really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alertsBest of Luck!

There are three restaurants and bars connected to the resort along with two lakes and miles of trails for whatever activity you desire!

I buy apartments that have certain items that make them desirable as a rental. 

Does anyone have any idea if it is typical for HML lenders to not allow for second mortgages, even if the total loan amount on the property is less than their desired ARV?