Sheryl Arndt, Real Estate Broker â€“ Sr. Loan Officer CA only
REO & Short Sale Specialist
20+ Years Experience
I think you're in the right direction by only considering 100k and below for a rental. There's a real estate term for high-priced rentals called "aligators". It refers to rental properties that are too expensive and they eat up any potential profits.
ICM - Direct Lender
Pauline Harke, Sr. Mortgage Loan Officer