I'm excited, but I am having a tough time finding an insurance policy on the place.I thought I had this all nailed down, but I just got a cancellation notice in the mail that states the policy will be cancelled due to failure to comply with an inspection.The property is managed, and the manager claims she had a tough time coordinating a single time when all four tenants could meet with the inspector.

Maybe be tough with a 687 for an investment loan. 

Hey Derek,BP newbie here, but I'm already an investor--and in your area too.It does sound like it would need to be a rental, so I would look at either owner financing--which might be a tough sell, or regular financing with a slightly higher price and 3% cash back toward closing.  

I am currently a social worker and a musician (make somewhere between $50-70k), so ultimately it wouldn't take THAT much money to replace that income, but I have no expectation that this process will take place overnight.

If the ratio is 50% or less, you can you generally be sure that the area is ripe for flipping possibilities, but these days, finding 50% areas can be tough. 

That loan may be open ended, although I think those are pretty tough still.  

WEll the airplane was a tough one.My point is there are performing assets in every market especially multi family..

Colorado market is tough to find a good deal/cash flows (at least for me). 

I heard Seattle was a tough market, but I'm hoping to be able to find something in my area.Thanks for taking the time to listen to my intro, and I hope to connect with many of you!

I guess the extra is the cost of workers comp/insurance in GA vs.