It'll now need a new roof and one exterior wall was severely damage.

-Projected monthly rent = $1,300-I calculated 5% for cap ex, property maintenance, vacancy, and $95 a month for property management.

I only have to do another 640 million in annual sales here locally to over take them :)  Anyway I am closing on a 90 lot project beginning of December and if we can keep the velocity going that should move me up into the top 20.. 

Problem my debt to income is through the roof and I can’t count my wife’s income because her credit score isn’t good enough.

Its always easier to do a project close to home.

By the way, broker thinks we can get a $10k credit at close for a new roof needed.

There are some areas that I don't like driving through during the day and I've spent a lot of time working in the projects in other cities. 

It had a bad roof and the buyer fixed the roof at his expense.

All needed extensive renovations but did have some positive features such as newer roofs, furnaces, and solid structural integrity.

The threshold for STR with FDOR (known by most as the sales and use tax enforcers) is 6 months so I keep a clause in my leases that if they move out before occupying the property for at least six months they're also on the hook for paying sales tax on their rent (6.5%  in Orange Co. but varies from 6% to 7% depending on local voters funding their favorite projects with the amount in excess of 6%).