Going to newer homes in better locations and letting someone else deal with an aging asset is a much better plan, especially as you reset your tax depreciation and learn to do cost segregation!

My understanding from talking to other investors is that if you initially state that you plan to pay w/ financing, and then change your mind and switch to cash, you are still allowed 45 days.The 30 / 45 day clock starts when HUD/Sage signs the contract, not when the offer is accepted.  

I'd double check, but I'm not sure you can buy an 'investment only' property with the VA loans, I think you need to occupy it.Granted, if you live close to the state line and plan on living there, forget all of this..:-)

Aside from the signs, how else are you planning on marketing, postcards, yellow letters?

How do you plan to refinance when the loan is ballooned?

I'm sure people who succeed in this niche have it broken down to make it easier and/or have a tougher stomach than I do, but for now, it's not an area I plan on getting into.Good luck to you!

Another thing to keep in mind is if/how you plan on changing the floor plan of the house.

If anyone in the area would like to meet (I'm planning on making it to the Lake Forest meetup if it works with my schedule) and knock heads I would love it!

I've heard good things about COREE  but never attended an event (That hopefully will change soon).About half of my units are duplexes in the central Ohio area.

Now, this is certainly a grey area, no doubt about it, and I've talked to three attorneys and several brokers trying to navigate it.Yes, I have an LLC that I plan to wholesale under, and am currently sending out marketing.