Thank youAnantTwo people who both don't have experience investing in a specific market 'teaming up' is a bad idea assuming you mean to buy a property together.If you are talking about bouncing ideas off each other, I think that is healthy.

Just the idea of it being nearby gives me some peace. 2.

Here are some stages and recommendations to help you through the process:Create an extensive business plan including all aspects of your idea.

The longer they stay high, the more investors who thought it was a good idea to buy 3% cap buildings on cheap debt a few years ago are going to get bled out.

Setting aside a percentage of the rent for capex and repairs sounds like a good idea, and for some it is a good idea. 

Ravi,A Personal Umbrella policy gives you an additional limit of Liability if the limit on your homeowners, auto, boat, or rental property (1-4 family) is exhausted in claim. 

If you are interested in digging deeper into any of these ideas or just want to talk real estate investing - which I always love doing - don’t hesitate to reach out.

Hey Laura,As far as benchmarks go, be sure not to limit yourself to what you see on AirDNA.

Great idea.

Are we talking $100k or $20kNote that the appraisal is based off the work you put into it and won't be based off market comps for a few years so you are really limited pulling out your capital till 5-6 years and the max LTV for a cash out refi is 75% if you are owner occupied and sign another 1 year occupancy agreement