I personally like Alabama and Tennessee a lot, depending on what specific area you're looking at.Look for Class B or C properties in stable rental markets, particularly single-family homes or duplexes.

Purchase price: $140,000 in Nov. 2005 Sale price: $175,000 in July 20071872 square foot single family home with no garage.

Yes, you can put down 10% for a second home, HOWEVER the rate adjustments for a second home and investment property have been the same for several years now.

The area has attracted a lot of new young professionals with their work from home marketing that gives $10,000 to qualified families to help them establish themselves in the area.

As for ARV, you’ll want to look at recent sales of similar homes after they’ve been fixed up.

Home insurance would cover anything on premise, but as @Jonathan Bock stated, it's usually for significant damage.This might be something you would tackle on your own, but worth to have a conversation with your provider first to see what they have to say.

If that is full RC for roof and home that is a good price for that area!

Insurance liability, I personally know 2 families that lost their children in home pools.

And yes, the home is in a good area, that will continue to appreciate (not extraordinary but still good), and it's easy to get good tenants.Thank you for the input!

My estimation was with leverage I could do about 7 homes a year and each year after it would increase.