Depending on your skill level, your plan can achieve significant return, but be prepared that it will require more effort than other options.Good luck and I wish you the best at saving for your children's education.

And their voters who are renters are always going to be louder and much more numerous than we are.The other sad irony is, just like @Adam Martin mentioned, in the long run, they are just setting renters up for escalating prices when they make owning rentals riskier and more onerous with laws that are much too heavily one-sided.As an example, my New Orleans market has been at a crisis level for years with uninhabitable properties. 

Any measure, caprate, CoC etc taken in isolation is virtually meaningless; you have to underwrite to a broader level of detail and consider your own criteria and goals.

If there's a significant and highly probable upside with an acceptable level of risk, then go ahead...  

Core luxe flooring.Sunporch- Core Luxe flooringSecond floor bedrooms- Core Luxe flooringMain level- sand, stain, poly all floors.Wall Paint- warm gray family. 1 shade darker in bathroom.Trim- pearl whiteCeilings- Coronado flat whiteClosets- flat whiteI’m also going to paint the exterior of the house, what color do you recommend?

JBOn a very high level, for a personal service S Corp, there might be some saving if you don’t pay yourself the entire net income as salary.

If Greenville continues to boom like it has the past 10 years, I suggest any house you buy will prove to be a good investment.My comments are high level broad brush but I believe ultimately true.We can fine tune a little at the margins of your property search.I continue to invest in Greenville and am optimistic about its future.

It’s been a long way with lots of learnings, successes and failures.We now have our own management and repairs team, SOPs and we feel we are ready to take the business to the next level.

If its too long (a lender would have to weigh in), then it may not work depending on the level of "guaranteed W2" income.

We recently refinanced 5 investment properties using Freddie Mac's Loan-Level Price Adjustments.