This of course depends on your starting bank roll - but if its like mine (under 100k) - Im trying to put as little as possible into it on top of initial equity and fees.this will likely chew a big hole in your ROI  (now if you are looking to improve value with a cash out refi or a great prospect comes along that needs combo new plumbing, roof, windows, foundation repair, etc - well just make sure you know what youre getting into and/or have a good contractor and finger on the pulse of the market when estimating the ARV YOURSELF - couple missed items and you risk having a bad first investment and not doing it again).    7) dont be scared be ambitious ( i should heed my own advice sometimes) 8) define numbers goals within your target areas.  

My initial investment was directed toward the new Turks & Caicos location, but it's still in the developmental process.

.- Converted to a rental in 2024; initially rented for $4,750/month, but tenants moved out, and the soft Bay Area rental market has made filling it challenging.

We’re open to considering Section 8 rentals if they align with our goals.Our initial plan is to purchase one or two properties outright with cash, although we’re still open to financing options if the right opportunity arises.We’re planning a 1- to 2-week trip soon to explore Indiana and get a feel for different cities and neighborhoods.I’d really appreciate your honest feedback.

Several large developers have built beautiful high end condo feel student apartments super close to campus which initially depressed rents in houses.

Congrats on taking initial steps for getting invested in Philly!

@Nicholas L. what would be your recommendation if the market where you live is way to expensive or at least not in your initial budget and your best option is out of state investment?

Excited to see what happens during other states legislative sessions this year.     

I actually had an initial phone call with the co-host that ended up lasting an hour because he kept giving me tips and local knowledge.

Based on what you stated initially, your income from the property is 85k.