Hi all-I'm a new investor and live in CA but am interested in selecting a couple of out-of-state markets to build portfolios in. I

What city is this property in? Is

While the building/HOA that my STR is in, is in fact not pet friendly, there are a lot of options up & down A1A.Best of luck!

Now I don't say this to discourage you by any means but I think it's important to understand the type of market we are currently in.  I

So total bring in is 2k for a few years until I move out.Using the report, its showing $421 in cash flow, with a COC of 43.97%  This is at the current asking price.I am curious how much wiggle room I would have in the asking price with these current repairs that would need to be made and if others thought this was a good deal.I do have a contractor that will be giving me estimates next week.Again, this is my first property so not so comfortable with haggling, but I know and understand, I have to, to become successful in this business.

This should be your mindset going in. I

Im a recent college grad, and although I have a well paying job I haven't had enough time to save very much cash (at least not for the pricey Nashville market I live in). I

   : )If you only take out what you put in, I believe you are subject to 10% hit on that but no tax penalty. 

The large family in one of my rentals is freaking out about black widow spiders, but I had never seen a spider, a web, or any infestation in the house before they moved in. I

Luckily the pocket I am in is seeing a ton of flips and is really being improved so I hope that will help to continue to drive the price up over time.