I am just starting with real estate investing but maybe we can chat and see where it goes :).

Happy to chat further via message about managing from out of state and about investing in Florida!

Sent a connection request if you’d like to chat.

Thanks for the support, @Jake Stuttgen.

Now you need to start preparing for marketing, showing, screening software and processes, selecting a tenant, Fair Housing, emotional support animals, collecting a deposit, disparate impact, local and state housing laws, Section 8, your lease agreement, late rent, unpaid rent, partial rent, bounced checks, etc.No worries!

I take an honest look at what the building can support, give an extra margin of safety, and take out about that much. 

So don't feel too bummed out that you can't flip right now, the market here isn't really supporting it anyway! 

One of the things I've heard about hard money is in addition to higher rates, they have pre-payment penalties.Current or prior ownership of real estate: as stated, I am currently renting and intend to rent for at least another year or so.Value of property at present and/or your offer price: $158000 (zestimate)After repair value: $Anticipated or actual appraisal issues: will perform one during due diligence Current rents per month: $425Fair market rents per month: $500Down payment or equity: $30000Source of down payment funds, if applicable: see aboveIncome Source: Salaried/hourly W2, VA comp, Gross monthly income (optional): $1800 tax exempt, approx $4-5k in base wage (+ OT opportunities)Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $800/mo in rentFICO: Excellent Credit issues: None.

Let's chat!

Hey Chris,When it comes to lending you're going to need to understand what you want and where you stand.If your credit is good, income is consistent (2 years), income can support the properties, you have a strong DTI ratio, a strong down payment, good reserves, and finally pay your taxes, usually banks are the best way to go for lending.