Flipping in Columbia Heighs and Perworth in DC

[Tiffany Chu]

Hi guys, 

We are new to Washington DC as investor. We been doing rehab projects in Honolulu over 10 years. We are very interested in the neighborhood like Columbia Height & Perworth. Or any other location recommend? 

Basic on my research some investor bought a property for $500K (50%) and spent $250K (25%) for renovation and $250k gross (25%). Property usually can ell around $1M. Is this pattern will work on DC or there are a lot of hidden rules and regulations need to pay attention. I totally understand it generally is location by location and house by house.