Hi there, we are a newbie investor who currently own one property and waiting to close on our second one. Our target is SFH in our local area in Haughton/Bossier Louisiana. We had issues with closing a deal because th...

If any of those scales tip, then we are out of balance and will have either supply issues or demand issues. 

https://www.fool.com/millionacres/real-estate-investing/house-flipping/6-tips-managing-contractors-real-estate-investor/#

Thank you very much everyone, helpful tips!

Bathroom hardward (TP and towel racks) - mount to a 1x4 plaque that is screwed to studs. you can pretty much hang on it without pulling out the hardware. i use entry level granite countertops - stain resistant, and should last a long time. i put LVP through the entire house, bathrooms and closets included. its water proof and scratch resistant. while the initial cost is more than carpet, you wont have to replace it as often. i use Sherwin-Williams Harmony line of paint, in a semi-gloss sheen. the semi-gloss is easier to wipe off for small marks, and the harmony line has deodorizers built in. for exterior door knobs, i use the smartkey knobs from kwikset. you can rekey a knob in a few minutes - no need to pay rekeying fees anymore. last tip - figure out which appliances your market typically provides. in my market, its not common to provide washers and dryers, so i dont. thats one less thing to have to repair. 4. i dont see an issue with the gas stove. to convert to electric you will need to have a 220V plug, which could be costly to install if not already there. 

What sort of tips do people have for a younger prospect to get involved in a more expensive area when I don't have as high a level of cash? 

Basically tricking them in to financing more than 100% of the original/real sales price?

@Will Fraser thank you for the tips!

Also any general tips of renting in this area would be great.Thank you!

If you have any tips, anything at all, I would appreciate it!