@Brad Noe recently relocated to Lexington from Pittsburgh...anywhere I can drive easily from Lexington, so Lville included...I'm exploring and learning the area.

Most people think they will be in a lower tax bracket in the future because they plan to downgrade their lifestyle... this is again incorrect money myths that are so prevalent.By taking you money out early you will incur a 10% penalty but if you understand how you can easily get 20-30%+ returns in real estate a year that 10% penalty is nothing.

So you bust your head thinking how you will make it happen so you buy a 3K motor for that bike so it will go faster, so now it is dangerous so you need to add a seat belt and  by the end of that adventure you have something so ugly looking heavy so inefficient... 

I think I could easily write out procedures for receiving work requests, sending letters for late rent, obtaining bids from contractors, etc. 

You could easily fall into the trap of being a nice guy and letting rent get behind only to find that you now need to evict someone and will be out even more rent. 

For transit purposes, you can get anywhere in the country fairly easily. 

You can easily (I guess that is an assumption on my part without knowing where you live) find someone here on BP who you can pick their brain for the cost of a cup of coffee and figure out best steps as you get started.I have owned about two dozen homes in the area this house is listed and I can tell you that the challenges are real and they are steep to making a passive investment work in this area.  

If it takes you longer than expected to rehab and sell the property, you can easily lose money simply because of the interest that accrues.

ARV nearly a year ago was projected as $225K but based on the market comps I've seen, we're easily pushing $275K now.

Wondering if there is a good brand that comes in a 5 or 10 pack.  4) Not hard wired for easy installation.  5) Hush function.  6) Semi tamper proof so tenants cannot easily deactivate.I know this may be a lot but wanted to seek any advice or best practices.