Be advised, you're playing in a very competitive pool these days as that asset class is in high demand.I would start be talking to the smallest banks in whatever community you plan to invest in.

Would you recommend getting a high liability limit for each property or should I get an umbrella policy?

.- We have no outstanding mortgage debt.Recently, we discussed financing options with a banker at PNC and learned that we might qualify for a HELOC up to $480k, albeit with a relatively high minimum interest rate of 9.31%.

The Benefits of Granite CountertopsGranite countertops are highly regarded for their exceptional durability and low maintenance.

If comfortable with both being done at a high level then that's great.

Examples:2)High Maintenance Costs: My 1910 property's maintenance costs are about 30% of its income.

We like the less expensive/rural areas as they seem to generate higher RoRs.If you're looking to network locally, there is a great REIA meet up in Matthews, NC I attend weekly and would highly recommend.

Reason being, while it still will be unlikely to cash flow (using a VA loan in a highly priced market like Austin), you will likely be able to live in it, and generate rental income from the tenant.The beauty of this is that not only will you be able to build up equity in the home (eventually being able to cashflow), but you will be able to live in the house for a much lower cost than you would if you were to rent an apartment or buy a single-family home.

A great book to read/listen to if you are interested in fix n' flips I'd highly recommend, that explains the process of hiring contractors, is The Book on Flipping Houses by J Scott.

Pros:- Low cost of buy-in / not much needed in comparison to other areas due to affordability in purchase price- High-Cap Rates- High Cash Flows- Stable market / continuing to appreciate- Beautiful revitalization of the downtown- Influx of jobs, employment opportunities - Plenty of renters- New Amtrak service coming- Surrounding neighborhoods are sought after, solid schools, "home team" mentality in most of the towns where people want to stayFor the Cons:- I can't think of any OVERALL cons that couldn't be avoided in working with the right team.