Hi all, In MA, my understanding is that landlords have to hold security deposits in a bank within the state that is interest bearing.

Your interest in fix and flips and BRRs is fantastic, and I'm sure you'll find plenty of valuable insights and connections here to support your goals.

I've got team members in Tampa if you need local support. 

@Salvador Covarrubias I support the above comments, any time an appraisal comes back with subject to or listing deferred maintenance, the lender will require those items to be remedied or fixed prior to closing.

You'll also probably get the wrong stuff, and the wrong amount of it, and piss everyone off and hold up the job.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

.; many RE investors have comparatively longer time horizons, and I would assume that most RE investors have a lower tolerance for risk).I'm a RE investor, and don't have any crypto, but I have plenty of friends who hold a lot of crypto, and we've discussed crypto endlessly...At the risk of sounding like a luddite, even after years of discussions and reading countless articles, I still don't feel like I have a good understanding of crypto.  ...and frankly, I'm skeptical of people who claim to have a thorough understanding of it (yet, there are no shortage of self-proclaimed "experts" who describe crypto with the confidence of someone predicting a sunrise!)

Originally, I had thought that it would be wise to hold off on buying more rentals until after I had saved the money I needed.Yesterday my Realtor calls me with a great off market deal.

For example, does your income support carrying two mortgages OR will you need the rental income from property #1 to offset the total debt you're carrying per month.

Hold it until it starts to cash flow.