Make sure you have adequate reserves and you have the drive and resources to make this succeed.

Shortly after visiting the site, I discovered the podcast and I’ve fallen in love with listening to the guys on my drive(s) to/from work (literally started from episode one and slowly creeping up on 100) and have also graduated to purchasing & reading books from “Beardy Brandon” and Josh Dorkin (UBG, Book on Rental Property Investing, Tax Strategies for the Savvy REI + sprinkled in a little Kiyosaki).Anyhow, as part of my journey as an investment property owner in the Charlotte, NC market, I am now looking to grow my team. 

If I have done a good job of managing my cash position then I should have a small pile of available cash to cover a vacant unit until it is re-rented.Since I buy on 10-15 year notes I am buying down principal pretty quickly so I can utilize a line of credit to help cover the gap as well.There is no perfect solution but if you buy right and manage your margins and debt load you have the greatest percentage chance of success.Others will say you are even safer buying on a 30 year note since it drives up your cash flow and lowers your required monthly outgo. 

Otherwise I would need to look and hour or two out, and living an hour away from work seems like a waste of time and energy. however, I’m moving there from California so I haven’t had the chance to look myself yet, drive around, etc.

A lot of out of town money is being funneled in driving sale prices up and CAP rates down.

Just something like, I saw your house driving around, I really like the area and am interested in purchasing.

Just something like, I saw your house driving around, I really like the area and am interested in purchasing.

What i've tried - Deal Machine / Driving for dollars.

For the last month or so I've been driving for dollars all around my community ( Sacramento California).

I like your drive, but the bank will more than likely balk and say "no" due to the properties being the same town and you not coming to the table with 25% down.