However if this is an appreciating market, although your monthly cash flow might be neutral or negative, you may over time actually have what we consider phantom cash flow, which is gained through appreciation and tax benefits. in most cases, if you need true “cash flow” use the simple one percent rule.

download the landlord tenant laws for your state.. google it and research so you know ahead of time before you call a lawyer,, you should have this information,, it's your bible.. 

In my experience land lords who have that length of tenant and they can show rent rolls of payments on time are ok with sub market rents because the tenant is so "easy".

As others have said, a veteran multifamily agent is going to save you a ton of time and headache, while also possibly saving or making you more money.

Given the nature of this quick flip, our value addition was primarily in identifying the property’s potential and executing a timely resale.

On the revenue side, I still see that renting is way more affordable than buying anything, so the rental market will be okay for some time, especially for up to 3K a month.

last time i was in evansville i did go to 3 local banks and was told the same by each one. 1)I'm a out of state investor2)Property's are in LLC .3)don't live in Indiana. bought Two single family and sold one and presently own a duplex w/ tenants.

Driving time to Asheville with traffic is about an hour.

Lived in GA my whole life almost 50 years now.

It’s a problem as some will use that time to keep shopping and exit if they find a better deal.