So, I have a 2 bed 1.5 bath house in a 5 unit townhouse (906 sq ft), 2 carports, with HOA.

Good afternoon and thanks for reading,I have the opportunity to purchase my neighbor’s house (4 bed/4bath/2 kitchens on 3.28 acres of timberland adjacent to prime BLM hunting grounds) in Walton, OR (about 40 miles outside of Eugene) and I need advice on securing capital for the rehab budget of approximately $80k-120k.Purchase price offered to me is $300k with a $50k downpayment and 5% interest with monthly payments and a 1-5 year term. 

We have rented houses before, but always used a management company.

You are buying the house for your own use more than for an investment.

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It depends on how much the NY house will sell for vs how much the TN house will cost.

The house has been on the market two weeks and is sold with a earnest depost of 40%.

But everytime i come back to the area I want to buy a house to rent out as an airbnb.

I'm looking to flip my first house in Dallas.

The house is also really nicely renovated and I have been told that section 8 tenants do not often take care of a property.