At today's rates, total payment would be roughly $3,500.

Small is fine, big is ok, but reliable and responsive is key.

You'll need reliable local contacts, such as property managers, contractors, and real estate agents.Regulatory and Legal Differences: Each state and municipality has its own set of real estate laws and regulations.

I think if you're house hacking, as long as you can get your monthly payment to break even or just be lower than your rent, it's a great deal.

The cost to go up in limit is normally cheap)Medical payments  (for small cost injuries that happen on site. 

Hi Drew, Down payments for a primary residence start as low as 3%, while down payments for an investment property (in any state) start at 20%.

The sell price was:$246,500Down payment was:$40,000Mortgage is 15 years @. 7.5% still owe about $150k and considering a refi with actual bank in a couple monthsThese houses need work:1st house-$100k value is a 1/1 doesn’t need much rehab at all.

I'm hopeful that Phoenix's reputation for being landlord-friendly, particularly regarding evictions, is as reliable as I've heard from others.

Well, how reliable would movie visitors be?

Given you have $200k-$225k in equity in your townhouse in Clayton, NC, this could serve as a substantial down payment for one or more new properties.Rehab: If the properties you purchase need updates or repairs, invest in making those improvements.