Challenges?

Challenges?

What steps do I need to take to make it legal and safe for investors? 

Challenges?

Your buyer pool would be tiny and lending would be challenging.

Let me know what you think about this strategy or what steps to take before submit an offer..

Even with crazy high rents, when you have to get into a property for 1mil, it's just hard for the returns to out pace the cost of capital, especially when you factor in all the other costs.The oddity with the last observation is that without capabilities these markets also tend to be the biggest challenge from an execution standpoint for someone just starting out. 

That would be step one. 

This is why it is so important to have those sample properties from step 1. 4.

I am also completely new to the process of purchasing a home, and I’m not quite sure what my first steps should be.