Now while searching for a local contractor i keep running into the problem of them not wanting to deal in the area by keep warning me that it a horrible area to invest inI am aware of the high property taxes, and war zones being that i have resided here my entire life.  

This is a great warning example. 

Be warned that the recent trend I have seen in the flipping market is that you will not find it easy to get a good property for this price.

In 2009, there were thousands if not millions of homeowners and investors who had refinancing in place ready to close on a Tuesday and suddenly on a Wednesday, without warning, the rules changed and they were stuck with properties that they had borrowed hard money to purchase, home equity lines to purchase, cashed in stock investments to purchase, borrowed money from friends and family to purchase ~ all with the plan to refinance most of that money back after the deal was done.  

@Lisa Stein  rule is violated everyday on BP that's why they have mods.. just depends if the mod on this section or thread is actually looking at things.. you will see posts removed all the time.I know I got personal warnings many times.. so I have figured it out..

You're the one making a choice, and have been warned!

They are all experts on the dangers of real estate and they feel it is their job to warn you.

Warning Shameless plug coming up next: The best way to protect your income on your rental property is by have a Rentsure membership.

And my mortgage guy never warned me either.  

Danger.A few years behind the likes of Demographia, the Economist and the IMF, the Canada Mortgage and Housing Corporation (CMHC) has decided to sound it's first Red Alert.http://www.theglobeandmail.com/real-estate/the-mar...http://www.cbc.ca/news/business/cmhc-red-warning-h...and the opinion piece which pre-announced the revelation:http://www.theglobeandmail.com/report-on-business/...When Polloz is compelled to raise interest rates to follow a rate increase south of the 49th, things will become interesting.