We've been honing in on a pretty good development/investment formula that is working for us where we buy an existing single or multi-family house that can be improved or easily split into smaller units, and then we also add small new construction units to the property (townhomes or duplexes or cottages) and, generally, we rent them all out (though we have sold a couple of single family rehabs and we may sell the units in our next big project...

If your monthly income is $8,000, you could get approved for a mortgage payment of around $2,000–$2,500.Credit Score: For investment properties, a score above 700 is ideal.Down Payment: Investment properties generally require a 20-25% down payment, so for a $300,000 property, expect to need $60,000–$75,000 in cash.

There is a road leading to 4 ranch properties and ours is the 2nd property from the main gate.

What does scare me are hidden fees or liens on the property I cannot currently see. 

Should I look at new construction properties in new communities that seem to be appreciating or older property that has lower mortgage and more likely to cash flow? 

I've had a conundrum the last few years since I bought my first primary residence, I was lucky to get a good interest rate <5% When I purchased this property I was very green and new to real estate but I had heard or seen somewhere on some financial blog or podcast that if you pay an extra $100/mo toward your mortgage in many cases you can accelerate your payoff date 5+ years.

In return I can offer access to MLS information(Realtor), Sweat equity(maybe you need help in one of your flips), Bird dogging, or even listing any properties for you in return for your guidance. looking forward to connect with the community.

For accurate info on the property, you have to sort through public records straight from the auditors page and every county's page is different. 

This is on a property that had a CSS done on it some 6 years ago when we got it (and placed a new roof at that time too part of the rehab). 

Hello All,As an out of state investor who owns a few properties in STL, does it make sense to join this association?