Take this with a grain of salt because we do medium-end flips on the NW side of Chicago (ARVs = 600k-950k). 

@Amurabi Rodrigue1) look for a location with volume for sales2) look for location with medium income

Considering the width of an average human skull, I'm amazed they managed to miss the wall studs!  

I've done a number of campaigns for small and medium sized apartments around the Country and the toughest part is always building the list that points to exactly what you're looking for.Great job man! 

I am currently living in a medium sized city in Northern California.

Am hoping to buy in one of several small-medium towns within an hour of where I am now.

Mahmuda - I think you have to consider these labor market scenarios with a short, medium, and long-term lens.

I am also thinking about medium term rental.  

I have been using rehab grades (light, medium, heavy, extra heavy) with a corresponding $/sq ft. ie.

I was told by a GC out of NC that to estimate cost of repairs in a property you would consider a light rehab you could get the sqft of a property and multiply by $25, medium $35, heavy $55 and full rehab $75+.