Being so close to Lake Winnipesaukee, mountains, and snowmobiling trails, this place should drive in some serious cashflow!

Being so close to Lake Winnipesaukee, mountains, and snowmobiling trails, this place should drive in some serious cashflow!

Being so close to Lake Winnipesaukee, mountains, and snowmobiling trails, this place should drive in some serious cashflow!

Here are the numbers:Location: San Fernando Valley (Los Angeles)2bd/1ba - 850sq ftRemaining balance: 314,000Zillow estimate: 676,400Redfin estimate: 713,749Rent Zestimate (Zillow): 2771 (I feel this is a tad high for such a small house)Cons of the house:Old roof mounted package unit, that eventually will need replacing (made in 1999)Still need to repair 4 sides of fencing repaired/replacedDriveway needs a slurry job1 hour drive from my current house with no trafficLawn needs a redesign (more drought tolerant stuff) - It gets very hot in the valleyPros:Mortgage is only 1760 all inPotential ~900 net/moI already have it...If I did sell it, I would like to buy something closer to where I live, but I also don't want to get dinged with any unnecessary taxes either. 

In reality, this is one of those rare times when you can really let your curiosity drive you!

If they do move I’d offer the new tenants a 6 month lease to test the waters and to get it renewing in the summer then when it comes due renew if for a year if they’re agreeable.

The general rule is that an individual is an independent contractor if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done.Since I'll be investing remotely I'll be requiring someone to help me out in the "bird dog" activity of finding properties through driving for dollars.

Been driving big rigs since 04 and now attempting to get on the investor side.

Why this is King is because in San Diego it is extremely difficult to buy a 3-4 unit property with a primary residence loan since nothing tends to pass the self-sufficiency test whereas the VA loan it is not a requirement. 

@John Teachout is absolutely correct, when I have folks from OOS looking to invest in Des Moines Iowa, I'm always trying to get them to double/triple check local markets to themselves even a 2-hour drive would get away from most large "overpriced" cities but still decent cashflow in those areas.BUT@Tereza Fernandez if you are set on OOS investing, I'm happy to share a bit about the Des Moines market and have contacts in other markets around the state to connect you with.Send me a DM or give me some specifics on here of what you want to know about Des Moines market and I'm happy to share!