You have 30 or 45 days to satisfy yourself with the condition of the property or for those that try to wholesale them it give you 30 or 45 days to find your end buyer.

This makes Portland challenging for out-of-towners who want a decent ROI.  

We build new construction (though it's a challenge finding land). 

I enjoy the challenge of trying to find "Deals" along with the satisfaction to potentially solve someone's problem.  

For agents that have been in the game for a while, what are some challenges you faced as a new agent?

The downside is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

Finding a decent cap rate in south florida is not easy unless it's in a challenged area.

The cap rate is one thing but remember sometimes a higher cap rate is found in an area where you have a more challenging tenant pool, that is fine if you want to deal with it but I don't want to deal with it.   

Edwin I would look at your numbers closely and challenge yourself as to your projections.Low income is hard to push rents up.Let's say 450 a door times 14 doors = 6,300 a month or 75,600 a year gross.Is landlord paid water customary for the area?

I've had to deal with most of these issues concerning both my own multiple retirement accounts.Since subtle, nuances can make big differences in interpretation, I've only felt satisfied by getting my pension guys, my two CPA's and my bookkeeper on a conference call to get the straight skinny.