So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

You are losing money on both properties. 

At that point we hired an independent appraiser and the numbers came back good and the hard money lender agreed to use them.  

- Land Contract would be better:)Question: how are you going to lose $2500/month if you rent?

Are you collecting properties or collecting money?

You have zero control over the stock market, whereas when you do private lending, you have significantly higher control and contractually guaranteed return on your money.

Normally, companies keep changing their name after losing all investor’s money.

The easy money is gone.

An example would be mixing your personal and LLC money in the same bank account.3.

Liquidity is important if this is money you plan to put to work in the near term.