Check it out here: The Ultimate Guide to Fair Market Rents

Ultimately, whether it's finding deals or having capital, networking will be your key to success in Real Estate investing.

Start with BiggerPockets Ultimate Beginners Guide (free).

But, I assume it ultimately comes down to area and income class.

So let's just stop there with the list and say it took an extra $5,000 to ultimately fix everything else you found as you did the Reno.

If the answer to all three is Yes, I buy.And let life unfold.I have NO IDEA what the ultimate return will be….NONE….And neither does any other investor if they are honest…..most crystal balls I find are broken.But if one acquires the property is a solid long term manner based on fundamental investing principles and is never forced to sell…History indicates the long term trajectory of price and rents are up.In my experience, real estate follows cycles……. 6 or 7 years of a bull market, 1 or 2 years down (though the up is always larger than the down), 1 or 2 years of flat which then sets the floor for the next run up.

Hey @Kyle Kline, these are all great questions to ask and ultimately it will be personal preference. 

Ultimately, the decision will depend on your investment goals, preferred property type.

Ultimately, the Frank Lloyd Wright aspect can be a blessing or a curse.

A good Realtor will add more than 6% to your ultimate closing price.That said, your pricing is also likely too high or within what one would see on the MLS.