The numbers on the duplex are as follows:Purchase Price: $60,000Appraised at: $80,000Remaining Mortgage: $45,000 at 4.625% for 14 more yearsMonthly Payment: $370.28The purchase price of the prospective property is $73,000.

Hi all,I have a prospective deal in Dallas, TX.

Is it advisable to at least fly out and have a look around a prospective city?

In R-1 District, neither public water supply nor public sewage treatment shall be available to lots used for Manufactured (Mobile) Home Residential.R-1 is where the prospect deal is located, and AA is for agriculture district.What do you think?

Hey BP- I'm a new prospective RE investor, have done my research and have capital to deploy, yet to do my first deal, but looking in Rochester NY, as Jake&Gino referred to it as the "cash flow capital of the world". 

But it's only been 8-months with the second tenant so I can't guarantee anything.Three reasons I may want to hold on to it: 1) it has appreciation prospect (better than the 60-70k SFH portfolio in Birmingham IMO). 2) The lease is till October, so I can't sell it to a homeowner currently. 3) it has a pretty big lot that I can potentially sell to a future investor for subdivision.Three reasons that I may want to 1031 exchange: 1) get 135k cash after commission instead of 100k, and no negative cashflow subsequently 2) reduce the number of markets and PM of my portfolio, so that I can focus more on one market (I want to stay passive with my full-time job) 3) get out of it before major expenditure hits (don't think it's going to happen in 4-5 years though)If you were me, what would you do?

As you get into Kaysville and Layton, there are more reasonable (mid-level) homes, and then further north you'll find much cheaper housing prospects in Clinton, Clearfield, and Syracuse.

We have a proven system of underwriting for prospective tenants.

CAP rate seems decent, but concerned about overall prospect due to GDP / unemployment / rental vacancy.  

I have a preferred lender at Prospect Mortgage in Mount Pleasant that has a great track record with FHAs.