We bought it using a LOC.How did you add value to the deal?

On the flip side with regard to logistics...i'm currently doing cash back refi on a rental of my own, using a Fannie Mae loan.

@Rissa Baker I am using a property manager and its been on auto pilot in New Mexico. 

If you are not in immediate need, another option you could consider is using a self-directed IRA.

Earn I recommend using a combination of all three methods.

@Evan L West if you are using a FHA loan, they will require that you have a Homeowners policy. 

Any wall covering that is attached to the wall where water came in, IS going to be wet behind it (including insulation, if any), and the only proper method of drying it is by removing some/all of the affected area, or using a dehumidifier with tubes inserted between the foundation and the wall covering and high volume fans to quickly (it often actually takes several days to get all of the moisture out) and completely dry all of the materials.

Your using a PM anyway.

For example, if you want to buy single family ranges in a particular town, that narrows the search down and then you can move on onto step 3Step 3: Find contact info for every one of these people: cell phone, home phone, emails, social media profile, home address, etcStep 4: Put the information into a database: I like using a CRM like Follow Up Boss, but you can use an excel sheet to startStep 5: Market to these people: call(on a dialer), email, message on social media, door knock, mail, etc. until you get one on one appointments with themStep 6: Make offers that allow you enough room to make moneyEven as a brand new investor, you do not have to have money to do these deals.

Depending on how you plan to finance the property (your own money or by using a lender/conventional means) the HOAs of a condo are going to kill your margins.