It actually got very difficult to find willing employees to work in a massive city that would not allow the grand majority of them to live within its City limits.

Have turned property over 4 times since first acquisition and made some major system repairs (roof, AC, plumbing).

If you are talking about capex like a new roof, new flooring, or other major improvements then I would use the HELOC.You want to use the cash for more investments that will bring a return.

Account Closed I'm new to this game and have basically zero experience, but I did stay at a Holiday Inn Express last night so....I've been doing a bunch of research on the long term population and economic trends of all the major metro areas and I have to say that Raleigh's profile is stellar.

When I dig deeper, I noticed that almost majority of these properties had one thing in common.

There is good competition from well located retail space but I’m seeing a majority of providers prefer class A office buildings. 

Most people don't train or take care of them properly, and they're often at their most destructive phase while young. 

Knowing your timeframe for acquiring the property will help you stay on track with the rest of the process.While this is not an exhaustive checklist, if you have these six areas planned out in advance, you will be in a great position to get through your first investment property purchase without any major surprises.

Knowing your timeframe for acquiring the property will help you stay on track with the rest of the process.While this is not an exhaustive checklist, if you have these six areas planned out in advance, you will be in a great position to get through your first investment property purchase without any major surprises.

On the outskirts, you can get a 10-15 years old home in a good condition with a decent floor plan that may not need any major cash infusions for a while, and your taxes will be lower.Within your target price range, you  should be able to find plenty of homes in both categories.