Under Virginia law, they have 2 days to record, otherwise they can face damages.

I grew up in the Bay Area and Richmond is probably going to present somewhat of a challenge for you to get quality tenants.

I think it is challenging, but do-able to invest in California for cash flow and buy and hold, but it does take more work. 

So if your market is a bit challenging, get in some of the more welcoming markets - Ohio, Michigan where the entry is not high and its easier to get started. 

With that being said, the exterior can use a minor face-lift:- paint job- tear down this concrete wall- replace the back gate door (POS wooden gate)2.

Everything was done remotely- I never met anyone face to face.

The realtor is telling me I could get 470-490K; however, what bothers me is that the door doesn't face the front of the house; it faces the side.  

@Michael SchwobThere is no problem with investing at an early age but there are some challenges. 

Challenging a flawed mortgage I have read a few stories about home owners challenging flawed mortgages, and getting 1st position bank notes extinguished. 

Want to cash out now to pursue other real estate investments .Buying for face value does not make sense any more in this area because of the appreciation . as a result i am looking into alternative ways .