I'm in my mid 20's, have about 30k cash saved up for an investment, and am looking to purchase a buy and hold rental house right out of the gate (with cash flow and decent appreciation if possible).

Here in the mid Atlantic the season is 12 weeks Memorial Day to Labor Day.

They are somehow associated and both seem to encourage taking a cut of others deals through broker/wholesaler chains, among the new members, which I thought went out of style in the mid-2000’s.

There is mid ground here.

If returns are in the mid-high teens that sounds great, it would make this decision a no brainer for me!

The big picture is to use this money to begin building a portfolio of real estate that, in the "mid" term would generate some cash flow.

It has been tied up in probate for the past year and will be available for either listing or selling by mid Sept 2013.

And you'll probably want a separate unit for each side.I would expect to pay $4500-6500 for the units and installation (low- to mid-grade brands) and then another $2000 or so for the installation of the ductwork, if there is reasonable access.

Most banks want to see 2 years of returns.Anyway. weighed my options and decided to buy all cash and closed in mid September.

I hope to have already purchased another house by then, but if I haven't, I'll be in a good position to find a distressed home and rehab and rent it.While I am interested in wholesaling and flipping and will pursue these avenues, my near to mid term goal is to buy and hold rehabbed houses that have a solid cash flow.Thanks for stopping by, I look forward to getting to know the other investors here and appreciate the stories of success and failure and the knowledge shared by all the pros!