We are looking to purchase a potential investment property that has 4 rentals, we have $75,000 in assets and currently own a home with roughly $50,000 in equity, that is our primary residence. 

It's always best to start with simpler deals and scale into larger scale rehabs.

If you are renting bedrooms out of the home you live in, there is no cost for the permit, but you still need to apply one.

You’d probably get 10% more for the property from a primary home buyer after you remove the tenants.

Our company has flipped 5 homes in Northern Colorado over the past 5 years and I've gained a lot of XP through other people's risks. 

My first suggestion is to only look out of state after you have "cut your teeth" closer to home where you can experience and learn from the process way more quickly. 

My wife and I are looking to buy our first home in the DFW metroplex.

@Chi Sastry,I think Tennessee is generally a good state to buy in, though I will note that the 10 markets you listed are very different in terms of demographics, average rents, home prices, yields, and so on.Of this list, I’m most familiar with Chattanooga so I’ll offer a few details.

If not and you have different carriers for you home and auto insurance, see if the other carrier can do an Umbrella for you. 

I'm particularly passionate about  Passive IncomeOutside of real estate, I enjoy family, working out, running 2 real estate investors group in Orlando, and creating relationships, and lastly healthy water and clean air purification for homes, schools, for all real estate actually as there is pollution and sickness because of caamination ... our water and the air we. breathe.I'm excited to learn and connect with you all!