Second, find out from the town's building inspector what the town or state requirements are for fencing.

@Erick Sembrano hey man your in my home town!

Purchase price: $390,000 Cash invested: $78,000 First investment property, turned into a short term rental, walking distance to Arizona State University, Tempe town lake and downtown Mill Ave.

Because the real estate market is so hot right now, we are looking in multiple markets for our first STR purchase - all of which are outside of our immediate area.Do you see any issues with us using a local (to us) lender, someone in our home town, to work with for this purchase?

Small towns rely too much on a single business or market segment.Population Growth - If people are moving into a location, many things have to be right, including jobs and the cost of doing business.

A run-down property in a bad part of town will pencil in a higher cash on cash on paper.

I know of some investors in town paying cash for keys to get to the vacancy, although it's hard to tell if that's happening on a large scale or not. 

People who are from out of town and in a hurry and are being evicted are trouble.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Galax.

Purchase price: $209,000

Cash invested: $37,500

Contributors:
Amanda McKane

This well taken care of...

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Galax.

Purchase price: $209,000

Cash invested: $37,500

Contributors:
Amanda McKane

This well taken care of...