Nobody’s going to pay $850k cash for a chance to earn $50k (if they run it as well as you.)

Love listening to all the gurus tell you to just tap into your house's equity to use it to create wealth, but you can't tap into money you can't afford to pay back.  

Are there any neighborhoods which folks would recommend for a passive, newbie, out-of-state investor, to invest in ? 

Does it make sense to pay a premium for cheap interest rates with seller financing, or would it just be better to put 25% and forget about my 15% criteria and just go for distressed sellers and just get a commercial loan. 

If tenants struggle to afford food, they'll likely struggle to pay rent.

The pros: - not having to do a major renovation from out of state- easier to get a conventional loan since the house is livable vs. a distressed property (would need to pay cash, do a hard money loan, some other type of financing)- can get a tenant in quicklyThe cons: - you don't know how good the renovation is, could be cosmetic without addressing underlying safety issues (plumbing, electrical, foundation, etc). - a home can pass an inspection but once someone is living in it and putting daily stress on the house (turning faucets on, light switches, turning on heat/AC etc), things can start to malfunction.

Tenants pay electric / gas / water. these percentages were from the numbers i inputted in the software.

You can purchase your own ozone machine or pay someone who does this for a living.

hello group, I am actually a contractor in dallas/fort worth area and help commercial clients in the insurance restoration industry, we pretty much make there insurance companies pay for new roofing, siding, etc whatever applies. 

Get their feedback before making offers. 3) Pay an experienced investor to do a video tour of the property and neighborhood - someone who is unbiased (not on your agent's team).