Second would be to query neighborhood folks about their own house, and the word around the campfire (I avoided a house last year because the woman I met in her front yard had a story or two about mold and contractors not being all that satisfactory in response to it (I know, negatives rise to the top more easily than positives do, but still, I became worried and began to fret about big builders).Part of me wants to work harder for a living and do 1-3 fix and flips a year, the other wants to get into a buy and hold so as to use leverage.

We bought 1 property for $15,000 and flipped it from top to bottom for a total investment of $43,000 We have also bought several in the price range you are looking at and been able to rent them with very little extra cost involved.

We've got folks here with experience in just about every aspect of the RE world.I recommend you find something you love to do, and keep doing it.

I've actually found some reasonable (SFH) properties in Connecticut by auction, that are below $100k, and that are not in a distressed zip code.These folks on BP seem to be willing and talented to explain the finer details of real estate investing.

Even then, It still needs to get voted on by the homeowners too, to allow this change; furthermore, depending on the area your in, some folks hate the idea of renters living in their complex, so you may not be able to get the Ln to vote your way.

If you acquired all cash you would earn a higher return but if it's not possible to go in with no debt then the deal deserves extra scrutiny because your margin of safety would be thinner.

The key to success on this was follow up - I kept in touch with the folks religiously with a phone call every 30 days.Hope that helps, good luck!

Looking to open a HELOC to fund my continuing real estate adventure, and the higher we go, the more I will be able to do to expand the business..So, I was wondering what folks thought the best tips for getting the most out of your appraisal.

There are some pretty seasoned investors that attend and some new folks.

I also have to consider the extra time it takes to close, since I’m losing on opportunity cost.