I'm new to real estate investing. I'm looking to make my first purchase of a condo in what many consider a desirable area in Tampa Bay. This is not new construction but the condo is relatively modern by today's standa...

@Jarrad Berman - I looked at the DR Horton development online that you were referencing - as @Dena Puliatti noted, that location has potential appreciation long term given the growth in that area, mainly because there is a lack of available land otherwise toward Madison proper and Huntsville. 

Purchase price: $85,000 Cash invested: $21,750SFH turnkey property with high potential for gentrification in the areaWhat made you interested in investing in this type of deal?

And in reality it can take one major cap ex to drain months/years of cash flow, so ideally I’d prefer to fix anything with that could potentially become problematic within next few years with the financing used when purchasing.

What my plans are is to buy fixer upers that have good potential, I want to rebab them and get rented out at competing market value around the area's.

Thank you in advance,Christine Depending on the rehab, you can get a Builders Risk Policy or if there is not a lot of construction going to be happening you can just go ahead and get a standard Hazard Policy. 

E.g. if you're buying $40-150K houses, out of state... your traveling costs alone would eat into any potential profits you will make. 

However, it might also incur additional accounting and tax complexities.Non-Real Assets:Holding Company: If the non-real assets are essential to the operation of the property, holding them in the same company as the property (either operating or holding) makes sense for financial reporting purposes.Separate Entity: If these non-real assets are more independent or potentially have different risk profiles, consider holding them in a separate entity owned by the holding company.

For me, I'd try to find a market that you can find a move-in ready home with potential to appreciate and cashflow.

Both homes that I've purchases were on market deals, so I'm a bit hesitant to be the guy who calls someone up because I get those calls several times a day and I hate that using cold calls is the standard.I don't expect to be able to use the fact that I'm a local just trying to make my business work in the market it was designed for as a leverage point because it's not helping the potential sellers at all.