This loan you speak of/ purchasing this property first wouldn't this history trickle over to the 2nd property, I would now have to classify it as a 2nd home right and they'll see I have more debt compared to income meaning my financing terms may be a little more tough. 15-20% down possibly higher rate on 2nd property?  

Most investors will be looking for cash flow when purchasing so it may be tough to sell for what you want. 

Even in some of the so so areas 100k properties can be tough to find and they definitely will need work at that price point.

Looking for B class properties so im not dealing with tough tenants but will expect lower cashflow.- Strategy/Financing = As mentioned before, I want the cash reserves we have now to be mostly what we use to reinvest in future properties and have a generally self-sustaining model.  

It would be a good material to start with.

Hey @Sheree Fullwood- yeah, CapEx can be a little tough to know, because it depends on the age of the property, how well it was maintained, the condition,etc. on a single family house, I typically want to see between $100 and $200 per month - maybe more or less depending on how nice it'll be when I rent it.

It would be a good material to start with.

Mostly it is a great business, but can be tough watching a 1031 expire or a deal blow up.Mark

Currently it is made entirely of wood which doesn't make much sense considering it's proximity to water.We would like this to be redone with some composite material and stone coping around the pool itself.

For a free house, we've only put about $20k in materials in along with tireless hours of hard labor, so far.