Good luck and let me know if you want me to expand of clarify anything further!

After you've done one transaction and can speak intelligently about your successes and failures, you will start to earn the trust of others and expand your network.

If you’re open to working remotely, you expand your options a great deal. 

.- In theory you would have added the SAME ARV and potentially take home the same $40,000 Home Improvement Loan, which (being $40,000) should be enough to pay the LOC off that you used for capital for material and labour, as well as to pay yourself back for the down payment of the home.I’ve taken on the strategy of getting quotes for a few new windows, a new basement kitchen, and expanding the basement washroom, taking out the kitchen wall in the basement for an open concept with the living room, AND adding a 5 foot privacy fence in the back yard as well as adding gravel parking spaces from the back alley.The idea is gold, but I have a feeling that the Home Improvement Loan may only match what receipts/invoices I have for material bought and labour of the contractors.

With a lower income I can't expand as much or fast as I'd like while carrying debt, would have to refi.

I buy turnkey and have a few “safe guards” in place:- All of my properties are freshly rehabbed (lower initial cap-ex expenses)- Most of my properties have a vacancy guarantee with the PM company (if property were ever vacant for 90 consecutive days, PM pays me full market rent starting on day 91)I’m just trying to figure out what is “enough” for reserves, if there ever is such a thing, and balancing that with expanding my portfolio.  

So you have lessened your risk when bad sh*t happens since you own it outright.But you have restricted your ability to expand, and scale because the $$ is all in your house....lower risk but lower returns......The "sweet spot" is to leverage enough to maximize your returns, but not enough that when bad stuff happens....and it will..... you don't collapse under all that leverage.

Arizona is blessed to not only have one of the most prominent REIAs on the national circuit, but also the addition of a new associate director who is doing a lot to actively expand the reach in Phoenix and Tucson.Shameless plug: if you consider yourself a new investor and would like to network with others who consider themselves the same, you should check out the New Investor's Subgroup of AZREIA.

Easier said than done.Instead of waiting you just need to get something "cooking" a property that you can live in[or not, you can expand your area and as long as its within an hour it can be considered an owner occupied] and build equity.

Do you stick with local investing or have you moved into the online world to expand.