Damien, if you're looking for mentors to learn from, I would highly recommend frequenting the local investor meet up opportunities.  

The market is far too efficient for that to occur on a frequent basis.Even if you get the deal of a lifetime, you need to know which renovations to make and which to skip.

The market is far too efficient for that to occur on a frequent basis.Even if you get the deal of a lifetime, you need to know which renovations to make and which to skip.

Assuming your goal is to rent as frequently as possible, you're going to have to establish your "team" in the area.

We do carry decent coverage and still get roofs replaced... you can buy cheaper policies for sure but by then you're increasing the self-insurance component and I don't choose to do that for a variety of reasons. 

He also frequently works up in Fernandina Beach.

I think you'll find a variety of opinions on this topic.

But FHA loans are designed to help the owner occupants own Single Family houses. 3-4 plex building are generally investment vehicles and have more deferred maintenance, these issues frequently get called out during appraisal.

We underwrite everything based on cash-flow ... never bank on appreciation, though reap the benefits of the forced variety where you can.

I personally haven't had a lot of success securing properties on these platforms for a variety of reasons.