Within that price range I would guess that you would probably be looking closer to a Jacksonville type area.

We have inventory throughout Southwest Florida including Cape Coral.

My real estate agent basically telling me that at that price range anything I find is going to be very distressed and I need to come in with cash reserves to do a lot of rehab.

That’s a really great idea - since we hope to have a diverse range of properties through various markets, having a core lender we can continue to return to seems like it would be less complicated logistically. 

I think most of those properties are going to be in the 200-300 range.  

The new boat payment would fall somewhere in the $400-$500/month range, bumping me to around 35%. 

I could probably find a cheaper area but duplexes where I'm looking are in the $150-$200k price range and it's been a steady market for a very long time. 

The only commercial level appliance I have is a 36” range, it’s kind of hard to justify having anything else in a regular home.

I've been in the financial industry for over 9 years ranging from retail and community banking to commercial real estate and small business lending through the SBA.

The homes that I an acquiring are in the 3-4 bed and 1,200-1,600 sq ft range.