I'm currently paying $4100/year for insurance, and when it renews in October it will go up to $5500/year.

Today, the property is worth $95k and I find it very difficult to do a cash refi or HELOC to purchase other properties because it’s in an LLC.  

I am done with her so I do not want to send her any of the invoices details.

I started doing research on different zip codes in which to use the BRRRR strategy.

@Daniel Stevens Flint really has nothing positive going for it these days and Burton is rural - hence the cheap prices!

Upside potential How did you find this deal and how did you negotiate it?

Good luck on your first property and let us know how it turns out.Cheers!

The good ones also have a shutoff in them for leaks so you do not have to worry about it.

Transparency, I thought I would never be able to afford Alexandria either.We showed up to Old Town Alexandria and started renting. 4 months later we found an affordable house in Woodbridge we could get into for a year with low down, then rent it, in the mean time we recoup the capital from our other 2 properties to go buy again after that 12 months.

Currently have ceiling fans in the apartment and its a 1 bedroom.