I had a property out in a semi decent area outside DC for a while and the A/C condenser was stolen 2 times, I mention that because there can be large unexpected costs in these areas especially if they are known to be high crime!

I suggest reading the Ultimate Beginner's Guide.Do you want to grow with SFR, Duplexes, or Large Multi-Families?

And if for some reason the lease is in a Word doc or other editable format, it might be a good idea to look it over before signing it.  

But this time, he had to make up a large leftover powerbill of his dead roomates he didnt expect.

However, a quick call to your local lenders (and I do mean lenders, call up half a dozen or so for an overview of your region) should be able to answer that question.I will say, for the path that I outlined above and with your goal of quickly scaling up to large multifamily properties, the limit on the number of loans you can hold should not come into play as your purpose for buying them is not to build an extensive portfolio, but to gain hands-on experience.

Fortunately or unfortunately, depending on how you look at it, I had a large source of income and could afford to make mistakes.

I'm in Fayetteville, NC, which is anchored by a very large military base.

You can Google to locate them and go to meetup.com There is a large one in DC.Two Great reads, I bought both J.

I can relate.Don't forget to write an "official" business plan, it will help explain your goals after you get to Florida and begin assembling your Rolodex of support infrastructure.We are a Brokerage of investors and do a large amount of HUD business all across Florida as we all work from home.We should talk...John Rogers

There may be some grants available to help you with your deals.We purchased a commercial building owned by the city some years ago and developed it into a store on the first floor and two large apartments.