The biggest considerations when I added 6 bathrooms in there:-Check if the electrical is up to snuff and will distribute to current code across many residential units, as opposed to when it was used as a factory under limited circumstances.

Back in 2000, we lived in a dying small Midwest factory town and those 3 properties weren’t in the best areas.

Would this be a factor I need to consider?

Drop me an text message if interested as i have to get back to my normal factory job.

There’s the amount of debt as a percentage of the state’s GDP, the amount of debt per person (debt per capita), and the state’s current credit rating.The 10 states with the worst debt to GDP ratios are:New York-22.71%South Carolina-21.31%Rhode Island-19.40%Washington-18.83%Florida-18.65%Kentucky-18.50%Illinois-18.45%Connecticut-17.52%California-17.18%Pennsylvania-17.17%The 10 states with the most debt per person are:Massachusetts-$11,337.63Connecticut-$9,297.33Rhode Island-$8,919.27Alaska-$8,516.41New Jersey-$7,517.15New York-$7,040.97Hawaii-$6,194.64New Hampshire-$6,152.00Delaware-$5,962.86Vermont-$5,259.69And perhaps the most important factor is the credit rating of any given state.

An additional factor I would like to consider in my relocation decision is the potential I will have to build wealth through buying and renting out houses.

A factory-built home, which conforms to this definition, and produced after June 15, 1976, is commonly called a manufactured home.

In CA (at least in the markets I invest in) going to MLS is a waste of time.Perhaps if you refer to my website in my signature, you will find some more information on the other questions you asked.Another factor I would like to point out to you: Inventory, even for the top dog REO listing brokers, is very low right now and even I am having difficulties getting enough leads to acquire rehb flips.

So if you put it all together......After following Jons advice which I think should be the initial step, then you should get right into the numbers in general and then specifically, financing availability, investment resources, on a more global aspect how does the project fit into the areas master plan, is the area upcoming or stagnant....then you should flow right into Corey's description of due dilligence....What I mean by getting into the numbers is basically, does it make money and if it does....how does the return compare to risk and does it have a reasonable time value factor.....Is the project a good investment if I were asking you to invest your money in it?.....

But not major inflation as production capacity far outweighs the actual production currently as most factories are working at only about 50-60% capacity depending upon who you believe.If actual demand increases the production can be increased accordingly, thereby keeping the supply ahead of demand and prices relatively stable with the possible exception of any necessary (law or otherwise) wage increases.