I talked to several CA investors who bought in Indiana: one lost $20,000 because the contractor didn't finish the renovation and disappeared, another one is seeking legal action against an evicted tenant and negligent property manager.

But since this was a new build, I was able to have the developer pay the closing costs, including some extra upgrades done on the property. 

We have access to around $200k if we go all in not including investors if we could find them.

Hello BP,I'm looking into purchasing a property in Sarasota, FL that is built on a large parcel and includes some vacant land. 

Savvy investors often navigate this by leveraging various assets as reserves, including investments and retirement accounts.

The builder hadn't completely finished the property but they were forcing buyers to close before the end of the year.

The cost of the materials was $1,500, and including labor I’d estimate this cost me about $3,000.The property manager never ran this by me or gave me an indication these project would be completed.Our service agreement is clear that written consent is needed when costs exceed $1,000 and in this instance these were not repairs and requirements needed to rent the property.

Your best bet in this situation is to have rent cover the included utilities.

I will be delighted if you include me in your group. 

Hi Sean, I’m a “newer” investor and have a few doors in the Midwest, including Memphis and Detroit.