Property needs some fixing, but I think has potential (especially in our highly inflated housing market).

You can also consider doing a 1031 exchange to an out of state property or to multiple properties. 

Each property is going to have its variables throughout the city.

I purchased a property at Luzerne County PA upset sale and I know I'm responsible for liens/mortgages ect. 

We are going to be self managing our properties from out of state, and need someone who can show prospective tenants property, allow maintenance workers/inspectors in, and to hold our key.

We added value by making a accent while in the living room, as well as refreshing all the furniture and decorations, painting the property, making a back door. back door out of the master bedroom because there was no way to get to the backyard without having to go through the side as well as some landscaping & new washer dryer.What was the outcome?

I have called 20 banks and no one does a 1st lien on investment properties except 1 stated they would if owner occupied.During the research I read a website, which stated that 1st lien HELOCS on non-occupied are illegal and not allowed by Federal Law.Anyone know if this is true?

While the return is still there, we ended up holding this property longer than we had planned.

Purchase price: $200,000 Cash invested: $40,000 First investment property - higher end rental in my market.

He was never even a good salesperson (pushy sales tactics are often taught by gurus but simply don't work for most personalities, Jordan Belfort of all people called him out on this during an interview that was very revealing), and his real estate syndication funds are now rumored to be total scams (he allegedly buys the properties separately beforehand then marks them up millions before selling them to his fund using his investor's money, like a wholesaler basically but taking $50M fees from investors without disclosing it.