as U get experience to be competitive you need to be able to run the numbers in your head or on a napkin forget about calculators.. :)175 pprehab  30kcontingency 5k at least 6 month hold  depends on how much your putting down but lets figure 10k there.buyers in this price point almost always need seller assist on financing so 5k there.and then 7% sales commish250K X .93 =  232k  - 50k  has you at net loss of 18k.. 

Agents who have experience in the industry will be able to help guide you and prevent a lot of mistakes.Feel free to send a message with any questions or to share more about your specific goals.

@Aisha Duff what’s your experience with Savannah REIA?

I don't want to wait 5 years or so to save up 20% down but rather put 3-5% down to get experience and possibly cash flow when I do get my property.

You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Any have to use it and has an experience to share?

The barrier to entry (education, experience, money, connections) do seem to be quite a bit higher to get all of those above mentioned benefits in comparison to opening a brokerage account and purchasing stocks.No essay needed.

I am just reaching out to see if anybody has any experience investing near or around the Santa Fe area and if you do, how is it?

After breaking down the pros and cons the one thing I'm not unable to estimate is the appreciation difference between brick versus vinyl property and resale value so my question to experience investors is what would you recommend investing in for appraisal?

However, I have no experience in this and would not know how much rent is projected for this setup.Option 3Sell and redeploy capital somewhere better.Appreciate any feedback on this situation.