PV of cash flow is the bed rock of note investing.. 

The new loan program allowing 5% down and renovation is an amazing vehicle....given you have time on your side, if I were you, I would find a property that needs a heavy renovation and get it completed before you even get there.I am happy to connect and make some introductions to some rock star real estate folks here in the area.

Rock Hill Diner on Cherry Road, Rock Hill, SC 29732 8am.Feel free to reach out if there's anything I can do to help you.Good Luck!

Rock Hill Diner on Cherry Road, Rock Hill, SC 29732 8am.Feel free to reach out if there's anything I can do to help you.Good Luck!

I’m a bit wary, is this a good fix or is it merely a band aid?

I work with hundreds of out of state investors here in the southern/middle part of the country and there are ample of opportunities in that price range in places like Memphis, TN or Little Rock, AR.

I've found that if I put those big rocks in the jar first, then my life is much more full.

Roaches and other peasants that could creep over to your other tenants, replacing soiled carpets, holes in the sheet rock, litigation......Who know what your set back will be every time a tenant leaves.

@Enrique Saucedo, I did a substantial amount of remodeling on all of the units.The first 7 units, in Mountain View had essentially the same level of work: New flooring, new oak kitchen cabinets, new granite counter tops, new appliances, new toilets, new tile, grounding of electrical outlets, sheet rock, paint, new fixtures.

I padded the repair costs a little because some of the repairs have water damage that won't truly be revealed until we start ripping sheet rock out, but I was not unreasonable.