There’s no problem anticipating that rentals will provide for your family there’s 3 things to consider:1) legally set up operations so that your beneficiaries can simply continue them without any kind of weight of going through probate (other wise a little life insurance for probate season can be helpful- this should really be a conversation with your lawyer if you have questions about probate - thankfully @Pat L.’s doing the right thing with the trust).

A property will need to season 6 months from point of purchase in order to get a traditional loan if you are considering to get cash out.There is always a risk that a lender can call the note due in you add it to an LLC but that's a limited risk. 

Someone below or above in a thread mentioned they were lucky enough to get on a call from a seasoned investor.

I then put in the pricing for on season off season etc and let Excel give me an average price.

The only people who should & do profit in neighborhoods like this are seasoned, grizzled battle tested veterans.

You might pay a small premium for not being familiar with the area and even still the investment will make sense, as long as you find a good property manager (always the magic bullet).But BRRRR and fix and flip seems to really be for areas you know and with the advantage of contractors you've built relationships with.

I worked my *** off to own a firm so I could take 3 days off during tax seasons if I wanted to. 

(This does not apply to two or three-family owner occupied dwellings, motels, hotels, transients or seasonal tenants). 2) The new lease terms (1 year lease, rent increase per rent control, no subletting).

I was having a horrible time spending the remaining proceeds from a 1031 (roughly $31K) during the hot buying season in Buffalo.

I'm looking to get some input specifically regarding the appraisal considerations vs seasoning period on a cash-out refi or Heloc on a particular deal I'm working.Overview:Duplex - purchase price = $126kMarket price estimated ~$160-185k -based on comps past 90 daysI have the initial appraisal scheduled in two weeks, and closing shortly after (pending all goes well).