One thing we have to work around, is that we travel non-stop for work.In every city we go to (including canadian cities), we always take a look at the prices of multi-family units (2 to 4 units), and also take a look at average rent rates.In most (if not all) of the places Ive been to, I rarely see many (if any) properties that show an annual 10% return on the total cost of the property.

In Cleveland they have the Land Bank which is purchasing these properties and selling them to investors to flip (per their code, during an agreed period of time) or they are marking them for demolition to reclaim the space for certain usage (ie parks / green gardens etc).

We visited 24 mobile home parks in the area today, over 100 miles traveled in all.

I currently stationed in the Virginia Beach area of Virginia(my wife and i currently reside with her mother to save up money) butI am in the military and have traveled around alot.

For this reason alone I would never buy or even loan on any property sight unseen.Once satisfied I like the area, and after I met and was convinced I could trust this person’s opinion, I could see using him for backup info on whether a specific deal made sense and was worth traveling to see.

I do wonder if I'm paying for that potential flexibility in the form of higher interest rate (6.5% fixed for 5 years with a 12% cap)I've been in contact with them regarding this refi and they plan to send a guy out next week to do what I think isn't going to be a very involved appraisal, but which I think will be fairly accurate, and the lender will definitely do a cash out refi hence the potential seed moneyAlso, my situation is unique because my wife is a traveling nurse, and I'm willing to do anything temporarily.

The title company should also have an Escrow Agreement that states the same usage of the funds where the buyer will acknowledge you using the funds to acquire the desired property.

It should help avoid excessive water usage as splitting water would be a costly pain in the butt.

Train kids to manage it for you so you have plenty of free time to travel!

I don't know much about his program, but he is a sharp guy with a good reputation in the circles I travel in.