Residential RE is based on what your neighbors pay so if you are all in less than they are every time you are doing well

Keeping in touch with people in the field might help you keep updated and perhaps lead to profitable collaborations.By thoroughly researching, budgeting wisely, and managing your projects carefully, you can successfully flip houses even in a new state.

Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

Yeah, it is based on the state's regulators.

Do you consider worst case scenario and base your potential offer based on this? 

The USA is a petroleum based economy.

In the meantime I would touch base with lenders and get the financing squared away.

Many times the tenants are income based and pay 20-40% wherein only 60-80% may be guaranteed.Aside from the rent percentage issue is pride of ownership.

In the past 10 years, Ocala has greatly improved the employment base, adding tons of logistics and distribution jobs on top of the medical, service and equestrian jobs that we have always had. 

Ended up appraising for 98,000 with me touching it.