Think about it like this....If you find a spectacular deal on a home and you wholesale it to an end user you have one deal.

Along the coastline from central California (those in the bay area. think they live in northern CA but don't) south to San Diego have areas with extremely expensive real estate.

He said that these types of furnaces, while they last a long time, when they do fail, the can fail spectacularly.

It is my opinion that you should use real estate as an asset class to balance out your overall portfolio, not as a way to chase spectacular returns.

Additionally, because you will be living there you could use your VA loan to purchase the house for zero down and although your credit score will need to be decent it doesn't have to be anything spectacular.

I think the problem that most newer investors fall into is latching onto a home and playing with the numbers so much that eventually it looks like a good deal and not a spectacular deal.

I think whatever rehab you do is going to have to be spectacular because the houses in that neighborhood rehabbed are on the market for a very long time, One is on the market now for 160+ days and the last rehab took close to 300 days to sell.

Lots of questions....Could be a good deal but 8.3% is nothing too spectacular. 

It is a pretty hilly region compared to, say, Texas or the Florida coastline.

Unfortunately a lot of the truly spectacular homes don't yet fetch the value that justifies restoration.