Join a bootcamp, listen to the podcasts, read/add to the forums, read our books and go to local events. 

Does anyone have any experience in the Gulf Coast?

I'm wondering anyone had same experience before, and know how to get around this limitation and do real estate investment.

Read your loan sale agreement.

I'm not sure how things work in the Detroit market, but from my limited experience here, either a PMC gets back to us immediately and asks to see the properties or they don't respond. 

Its a lifelong learning experience (and Im saying that with a Masters Degree in Taxation and 12 years experience as a CPA haha).

I'm exploring alternative financing options and would greatly appreciate insights or experiences in similar scenarios.Key Points:Property Location: Cahokia HeightsPurchase Price: $17,000Rental Income: Approximately $1,500/month via Section 8Condition of Property: Updated plumbing, roof is in good shape, needs AC unit, paint, flooring and cabinets and counter topI'm considering reaching out to private lenders but would like to gather opinions on:Feasibility of securing a mortgage for a low-cost property.Attractiveness of this deal to private lenders.Any creative financing strategies that could be applicable here.Legal and tax implications I should be aware of.Potential risks and how to mitigate them effectively.Any advice, suggestions, or contacts in the private lending space would be immensely helpful.

@James LuctamarIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING. our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

I've seen a lot of our community members start out with third party, learn their systems, and then bring it in house when they own several hundred units.I would read the book Small Giants, by Bo Burlingham.

I'm wondering if anyone has experience with VA loans and the 1 year residency requirement before you can use the home as a rental.