I live in the bay area where properties are extremely expensive, especially places that would be desirable as tourist destinations.Do I just get a condo in Florida for a couple hundred k and call it good?

I don't mind paying that much if this is what will make things easy for my family after I'm gone, however...I have also read some things online about being able to setup a trust with some basic software and self-education for less than a couple hundred dollars.

Maybe some other smaller cities Red Deer ex...I see many 60-100k homes, smaller sqft, older, need lipstick and maybe 10k in new cabinets etc.For those of you who know the area, do you suggest spend the extra money and get a turn key 200k unit, or gamble on the lower end, dump in 20k, and rent it out.Regina seems to have a very small availability of homes for rent, only condos.

I closed on Oct 2020, and then did a full paint job, new floors, painted kitchen cabinets and replaced countertops, etc.

I have two recommendations for long term hold south of OC and they are both based on potential appreciation:- Imperial Beach is the cheapest beach property in the US for at least a few hundred miles. 

At first glance this looks very skinny.You could have a little more margin if you have value add opportunities such as rehab to move rents up a few hundred or you self manage, in which case you could pay yourself the management fee (keep in mind that you are locking yourself into low return if you remove this number from calculating because then you would never be able to hire a PM and still pay yourself if the number with PM included is low or negative).

Guess my question is do I spend more on the kitchen and bathrooms to make the house look great, and hopefully appraise higher so I can get the money I will spend on the rehab and down payment back out, or should I add the extra bedroom, do less of a rehab in the kitchen (ie- paint instead of replace cabinets, leave the wall up), but potentially have more cash flow?

It also has to do with due diligence on Corporate entities, including LLC's and the non profit dealt with over a hundred vendors.

She's from Hampton Real Estate Advisors who work property management and manage hundreds of properties and invest themselves.Carlos

On top of the obvious, sourcing/analysis/resources part.After closing hundreds of deals, FIRE Realty Team has refined the process of helping investors get from analysis paralysis and the "I can't find anything" stage -- to owning cash flowing portfolios.Typically, I'm not one to reveal FIRE Realty Team "secrets" to non - FIRE Realty Team clients, as the above post sheds some insight...but I also know we have a good thing going and it makes a lot of people a lot of money so it's probably good to "give a taste" of how we can help investors.Can't promise everyone a no-rehab, perfect BRRRR, but can definitely promise, we are very good at helping investors build investment portfolios.