Water problems are extremely hard to diagnose, and solve...

But at the same time I think doing the BRRR from out-of-state for a newbie will be extremely tough.Ultimately, I would love to buy two properties this year with the intent of refinancing in a year or two to repay my 401K/HELOC and then repeat.I guess this is a really long way to ask, how would your strategy change if you had $100K 401K/HELOC instead of cash?

Rule #1 In my book, you make your money going in, and east orlando is extremely diverse in the quality of neighborhoods.

If you purchase under an entity it looks extremely suspicious.

I own a 3 tenant Strip Center 10 miles east of Dallas with similar returns.It would be extremely difficult to find a high quality retail strip center in NJ, yielding the kind of returns that can be found elsewhere.

I've learned so much from you already and I'm extremely grateful for the great open and honest dialogue on the forums.

I can't think of anything more low maintenance then 6 people looking at a rental & then hiring an inspector.You watch your home burn down and lose EVERYTHING you own, due to no fault of your own to boot, and you'd err on the side of extreme caution too.

@PJ Pahygiannis I own two homes in Baltimore and 6,000 for ground rent seems extremely high.

Those kind of fake fell good, extreme makeover home edition, endings don't appeal to me, and are not consistent with Adam Carrola's (whom I like) past projects.

These are not war zone areas, rather lower middle class areas that still rent extremely well.