I want to buy a few more cash-flowing rentals in this area.

If any of the "Big Five" systems (HVAC, plumbing, roof, electrical, water heater) haven't been updated recently, they still should be budgeted, even if you expense them later.Also, if you're primarily buying for cash flow, then this seems like a whole lot of work for just 7.75% CoCR!

But I interpreted this seasoning requirement to not apply if there's no first mortgage on the property (initial purchase was all cash). https://selling-guide.fanniemae.com/sel/b2-1.3-03/cash-out-r...

Alongside acquiring rentals, I'm interested in establishing a service-based business within the real estate niche, potentially offering maintenance or renovation services.To make the most informed decision, I'd appreciate any insights from experienced Indiana investors on:Top Indiana Cities for Long-Term Rentals: What cities offer a strong rental market with factors like stable vacancy rates, positive cash flow potential, and opportunities for property appreciation?

I am based in Charlottesville VA and even though I make excellent cash flow on my STRs, that cash flow has always been dwarfed by my appreciation.

@Sandrene SmartHonestly not trying to be mean but if you do not have $ for the EMD you should not be buying real estate as it’s a very cash intensive industry and you need $ for real estate

We’ve had cash offers 15-20k over asking with escalation clauses on our flips.

Suppose one of your clients decided to cash out their property.

Definitely a cash flow versus appreciation play.

I currently have around 20k cash for a down payment and that is steadily increasing so I want to pull the trigger soon.I'm interested in Fort Wayne for a few reasons:- I have some family in the area (they won't be involved, but have some general knowledge of the area)- Decent schools- Low crime- Airport- Low pricesAny advice or connections are welcome as I am completely new to this.