Of which, if you’re not so familiar with the market, neighborhoods, trends, of an area, they can be a great resource.If you’re investing in an area you’re extremely familiar with, maybe that benefit doesn’t apply for you.

Balboa Bay area in Newport is extremely walkable, as is Laguna Beach right off the oceanfront. 

It’s actually been extremely helpful and we’ve been able to keep open dialogue with the tenants even though they are late.

Extremely!

It's extremely important to understand the city/neighborhood/street and what an actual DEAL looks like.

A lot of people come to invest in Kansas City thinking they can do an extreme BRRRR and I always tell them that when you first enter a market to find a location that cash flows well, doesn't have a ton of work to do (near turn key), and buy in an area that will safely appreciate.

Seems like that might be a bit challenging seeing as the house was built on concrete slab (so, my extremely limited understanding is that it might be a much more costly endeavor to build out an additional kitchen/bathroom because of plumbing issues, for example?)

Demand is extremely high and I think its even more of a sellers market now than it was pre-COVID.

I agreed to the increase in interest rate because I am extremely confident that I can refinance this asset once rehab is completed, but even at 10% interest, I cash flow $200 a month.Preliminary Rehab:          The rehab for this particular project is a bit complicated.

Being 16, I’m taking this extremely seriously since I know if I can manage this early on, I get that snowball effect much quicker: So I suppose my questions are 1) how many FHA’s could I get?