@Terry Bickerstaff You could easily partner with a builder on a JV deal if there is demand for housing where your lots are and the financials pencil.

If they are professional, they can explain this quickly and easily.

I know people who've had success with Buildium and I can tell you from personal experience that Appfolio can pretty easily handle a portfolio of several hundred units.

He really helped me get started. you can easily do this on your own, but i highly recommend getting a cleaner. you can automate messeneging, pricing, and checkin/out process.

So, if you didn’t supply the ac unit it could just as easily be argued that the unit is failing and pumping heat into the unit creating the condition(tenants fault).

There are several large projects showing up in California desert as well and they are easily identifiable from GOOGLE map.2.

There's a lot of opportunity for that in the Highlands area of Denver with some of the older larger homes there and also in Arvada because the hills make it so that some basements are walkout and can easily be divided into an up/down duplex. 

A local condo that you can easily check on might be a good way to learn the ropes of being a landlord without adding the complexity of long-distance management.Out-of-state investing, especially in areas prone to natural disasters like hurricanes, comes with additional risks.

Also, after 6 months like you said, I believe you could easily get a cash out Refinance with a DSCR option that would be in the 5% rate as well.If the owner is not interested in Owner Financing, as long as this a 1-4 unit complex, we could get you financed at 80% of purchase, 100% rehab at 11.25% Interest only, I may be able to go as high as 90% of the purchase, but I would need additional information.

You need a property that isn't easily duplicated.