Hi all, I am considering the following strategy for a house hack in Old Town Alexandria.

Hey everyone! Just wanted to introduce myself.My name is Ariel, I am 32 years old (this Thursday), and I am making my first steps as a real estate investor.As I live abroad, most if not all of my work would be remote,...

I was born in Toronto, Canada and grew up living in different towns throughout Ontario.

Quote from @JD Martin: Quote from @Jay Hinrichs: Quote from @Matthew Drouin: Small wine town is all I needed to hear.Seasonal tourism is usually not a great industry in which to build a sustainable business.There are probably higher and better uses of your capital near high velocity metro areas.We have small wine towns near our city in the finger lakes region of western NY.  

Its just a really small town and very few towns nearby. 

small town means small appraisals. will never get it done unless you start buidling a lot of them.

But consulting with the town would be good to try to understand what they're permitting process is like.

The mega site in Richmond, as well as Mt Vernon, will really change the landscape in these areas as they did in E-town when the battery plant came in play. 

This vary heavily town to town. 20% down is great if buying strictly as investment but if you have a way of owner occupying I would explore that route and apply the 20% down to increasing value of property and instead using low money down loan. 

The fear of renting while out of town is common, but it's easy to overcome, especially when you have friends and a handyman.