Hi Callie,Congrats on purchasing your second home and transitioning your primary into a rental!

You are already ahead of the curve because most rely on number of doors and cash flow as their primary purchasing criteria which leads them straight to the C/D neighborhoods. 

Purchase price: $165,000 Cash invested: $50,000 4 bedroom home with a 1 bedroom apartment attached.

Purchase price: $540,000 Cash invested: $108,000 Investing in South Texas offers additional benefits:•Affordability: The price per square foot for new construction in South Texas is among the lowest in the country, making it an excellent value for investors seeking high-quality properties at a reasonable cost.

Back in 2019, we faced a challenging situation that fundamentally changed the way we handle our real estate transactions.

The real problem is that the vast number of beginning investors never bother to learn their state landlord tenant codes before they invest.This is my pet peeve with new investors...trying to operate a business requiring knowing the law without having the desire to learn.They should never be allowed near tenants, they need a PM.On the other hand responsible investors that learn the laws first I would strongly advise self managing.

I'm going into real estate investment banking after graduation and thought it would be wise to get my hands dirty with a deal in the meantime.

Looking for any feedback as this is my first purchase.

Due to the closing deadline/home condition, I am looking to use a private lender for the purchase instead of conventional from the start.

Just listened to episode 449 of the Real Estate Rookie podcast with Diem Martin.