. $16k entry cost plus closing costs.I have 20k saved in cash$83,000 pp 2bed 1bath 950sqft.

Are you financially in a position to handle the cost to see this project through?

Not sure what state you are in but disability cases can come back and bite you and cost you a lot more than a shed or bike rack.

I live in NJ, and it has a very high cost of living and with the current rate of interest, makes it a very pricey market so to say, and not that investment real estate friendly.

You don't have a lot of equity in it after you factor in closing costs and realtor's fees. 

Hey Anne, I'd suggest you do some research on the MTR rental rates and vacancy rates in your target area and understand the costs involved in renovations, financing and property management.

We can cover that monthly but would be happy with a 50% occupancy to help offset those costs.

When you start looking for multi families, you should look in their areas because they will be the lowest cost property management option.Can you tell me more about your Myrtle beach property, how you found it and how your experience has been with it?

She called it a cash offer, but included a letter from her hard money or private lender (same thing, really) stating the lender is good to go with the deal, the lender has plenty of liquid cash, the buyer has his 20% down payment and cash for closing costs, and there is no financing contingency.3.

That being said, they are extremely costly and expensive and generally do not make sense for smaller transactions.