The bad part is you will pay private mortgage insurance - basically an additional fee because you don't have 20% down

As your experience and confidence grows you will be able to search through more distant markets, but as you said that you are just starting, I believe the best advice is to being by investing locally.Though other markets may offer a higher return, make sure you factor in the additional costs.

This will be weighted more heavily than credit score. 3.

In addition to the materials and labor cost for rehabbing, you add an extra step where the design has to be reviewed and approved by the historic people.

But, all of that will be used to seed the system to chew on my data and generate reports as the additional data from the CRM system is fed to it over time.I do want to be clear on something here, this is not a magical concept where you pour all this in and it tells you your HVAC at 126 Elm will fail next Friday at 10 PM.

O well, I decided to list it for a high rent, I would have been happy to just add it to my rental portfolio.So I had 2 very interested tenants after the property now, both seemed well qualified.

If this is 5-6 houses, and you get $100 per month per door, it will take ~3 years to have enough for the next house without any additional capital.

A thing of beauty and (apart from an additional duplex in the back courtyard) turnkey.

I would much rather have rentals outside of an HOA, as these add additional costs and limit your flexibility with the property (have to send any exterior decisions to a committee, sometimes cannot rent OR can have ability to rent revoked by committee vote).Aside from that, the main things I see are 40K for 1 property grossing $675/mo or 2 properties for 45K grossing $1000/mo.

In the future, you should rehab according to your plans and offer a buyer the option to pay you extra to do the work after closing or put down a deposit for additional work before closing.