I understand there could be big difference between two towns that's close to each other.

Here are the stats:$119,500 Sales priceComps around $240,000Rental approx $2,000 per month (close-ish to the 1% rule)Flip would likely render about 26% after work (I know not the 30% but close)Turn around would take about 4-8 weeks (think it would be closer to 4 with the right team)Which way would you take this and is this something you would jump on if you had the chance?

I believe it’s 6 months or a year after close.

We closed on our second investment property today!

It was easy to keep a high occupancy rate with the location being close to 2 universities.

No matter what, if this is your first investment property deal, you will have to have some "skin in the game" with anywhere from a 10% to 25% down payment, plus closing costs and required reserves.

The industry standard is 6 months to a year before your first closing.2.

Bear in mind though that inferior properties renting for close to nothing because they're empty will still be competition.Hope this helps!

If they say they do, they usually don't close or won't be around long. 

Steve, my wife and I are currently about 30 days out from closing on a new construction triplex in Ocala built by Holistic REI (formerly Jax Investments).