My realtor and I literally drove around and found at least 8 facilities in a 10 mile area....all were at capacity with waiting lists, and none were interested in selling.

I come from the Poconos, PA market and have helped at least 30 clients coordinate hot tub installs in the last year.Q1 Opinion*: Typically when underwriting property for buyer and mgmt clients, I'd give them a round number of $10k to assume for hot tub purchase / install / permits /foundation /electrical.

You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Are you saying you would have to do something like foundation work in order to rehab the house? 

Try to focus on properties that were built after 1960The reason for this is because the foundation of the property is likely made from poured in concrete or block construction.Poured in concrete is favorable because it allows for less water penetration into the basement.The mechanicals of the property are likely more in line with today's building code.

Couple of recommendations if it is possible:Purchase a home built after 1960's: likely poured in foundation, copper electrical that is grounded, plumbing that is not in need of replacement yet. 

I've heard $50, 35, 40, etc for turnkey rule of thumb - shell, utilities, foundation, M&E, paving, etc, basically everything but land. 

Unfortunately, it appears that your contact details might have changed, impeding our attempts to reconnect.Regarding the course foundation, while formal MLS access is traditionally acquired by a licensed Realtor, it’s essential to note that there are diverse pathways available to gain access, ensuring that your ability to close deals isn’t solely dependent on it.

If you plan to expand your portfolio, starting with a 4-plex might provide a stronger foundation for future investments.It's also worth consulting with a local real estate agent or financial advisor who specializes in investment properties to get personalized advice based on your financial situation and market conditions.Best of luck with your investment!

A failing roof or major basement/foundation issues yes - but not your usual missing smoke detector or leaky faucet.