They then found out the basement was rental that all they had to do was paint it red and they had another rental. 

After 2 Duplexes ($80,000), we left with $320,000 so we want to buy another 2 Duplexes (same price) with 25% down payment ($112,500/each) since we are not living there for long-term rental which left us with $95,000 left.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $585,000

Cash invested: $300,000

10 bedrooms and 7 Bath, 1947 built. Purchased and fully rehab entire house under 6...

Hey Donna,Verify bed/bath count and square footage with the other rental listings that appear, but the median rent should provide a rough estimate of rent per unit.

SO sorry to hear about all this trouble I have been buying rentals for 40 years and probably would have run into all the same troubles you did.  

I am exploring various markets to invest in for long term buy and hold rentals.

I agree with Bruce.For the PM, if you know the company, call them and say you want to look at one of their rentals and ask them to call you.

And I am not sure if that's because luxury property rentals just don't have the same ADR here in comparison to other markets - in a lot of other markets even as far as West Virginia in harpers ferry you can easily charge $800+ in those markets, whereas inWe haven't purchased the area in Airdna or Pricelabs as we are just looking at the data at a high level right now before we commit to that one area since we are looking at a couple of other properties too.

I have an oceanfront STR in NC that I'm considering listing and doing a 1031 into at least one or two long term rentals with potential appreciation opportunities. 

My husband and I have spent the beginning of the year digging into books/researching as we are hoping to buy our first rental property this year.