I'm in my mid 20's, have about 30k cash saved up for an investment, and am looking to purchase a buy and hold rental house right out of the gate (with cash flow and decent appreciation if possible).

Are you planning to use closed cell spray foam to insulate and vapour seal all surfaces in the garage?

Originally posted by Michaela Graham: I rethought it and would do mint green house, dark brown shutters and a burgundy door I would opt for Sea foam green ... it's a little more stoic than the mint, but still lively.

My wife and I (late 20's)have just entered escrow on a multi-unit in San Diego.

We will be spray foaming these blocks tight.

Obviously they have not been so disorganized that they couldn't acquire the money you're foaming at the bit over.Put the property in thier name, have them do some estate planning, for a few rentals you don't "need" an LLC but get the properties and themselves well insured, liability coverage in these matters is cheap.Ahhh, the next generation

Uwe S., have a look at Leipzig and surrounds, it's been providing some excellent returns for foreign investors in the last five years or so (actually starting to baloon a bit too much now as a result).

Though as I mentioned earlier, the one big benefit is that you might be able to shave a couple weeks off the closing by using your own closing agent (I generally close REOs in 2-3 weeks using my attorney).

For me, the security of owning our own home is worth the potential income loss, so we refinanced last year to get our interest rate cut in half and 10 years shaved off the term of the loan.

Hey Justin S. have you found the property management company to be effective?