I would say it depends a lot on where you are located, if you are in a resort town in Hawaii or somewhere exotic it could take a greater hit.

For your two homes, Depending on the condition, I have people that would buy them immediately in both locations. 2.

It isn’t paid directly to landlord and the amount doesn’t change depending on your house.

While this may (or may not...depending on your personal perspective) sound like a lot of property, consider that it has taken us over 11 years to acquire this portfolio and at some point it required us to jump from being 'interested' and to become 'committed' to the process.The purpose of this post is to talk about the difference between being 'interested' vs. being 'committed'.

While this may (or may not...depending on your personal perspective) sound like a lot of property, consider that it has taken us over 11 years to acquire this portfolio and at some point it required us to jump from being 'interested' and to become 'committed' to the process.The purpose of this post is to talk about the difference between being 'interested' vs. being 'committed'.

When learning about your areas, consider your "back yard" as a good place to start and then possibly move out from there when you gain a little experience or your success depends on it.Certain things will effect that like growth and the economy that is diverse. 

Totally depends on your goal. 

@Kyle Marek Whether or not it will make sense to use as a rental property will obviously depend on more than just potential gains/losses.

The real estate or business your client is buying could be heavily dependent on morning or late evening business.

Depending on your market, you should be able to find one that will loan you up to 70-75% post-rehab ARV.