Hi Folks,I am a out of state investor, currently in process of closing my second buy and hold rental property in Huntsville, this one is in 35803.I see there are bunch of meet ups that are happening and I feel like we out of state investors are missing out on all the fun!

But glad folks like Jim are here to serve these communities.

Your folks are truly lucky to have you!

Many folks on here subscribe to the 1% rule where your monthly rent should be at least 1% of your all-in price.

I flipped one successfully 18 months ago which allowed me to purchase the 4 rentalsJust curious as to how folks view not paying credit cards in full in order to continue purchasing.

The property managers I've worked with tend to have prospects read through the qualifications and answer a few questions and then host a group showing once or twice per week.

Get on board folks because it’s hard to soar with the Eagles if your fenced in down in the chicken coop

Some folks look at commercial buildings as 5+ unit apartment buildings or a warehouse or something like that while some lenders and Dodd Frank legislation look at a simple, single family residential that's non-owner occupied as a commercial dwelling because it generates income. 

The numbers tend to work because you get credit for 75% of future gross rent when house is rehabbed which is used to help you qualify for the loan.

Account Closed you've got a few options, and I think folks have outlined some of them.