You don't say where you are located so I say start close to home and work from there. 

Hi Shayan--Here is the thing...when flipping for me, the class of neighborhood, location of property in that neighborhood, and amount of renovations really matters. 

Thats kind of the beauty of thes exchanges.. you get to reposition your capital, ideally in a property that ticks more of the boxes you need.Now, thinking about older buildings.. some folks underestimate how well older properties can hold up if they’re in a good location.

Choosing a location near LA, accessible by a short flight or drive, will make it easier to check on your projects.

Where is your portfolio located?

Hi @Andre GalavizLuckily you came to the right location for that kind of question! 

This is located in Pennsylvania.Thanks in advance for your help, and have a Blessed Christmas!

I know people that do great with $150k homes but also $650k homes each with different strategies but I do believe in the Golden Rule, location x 3. 

In the long term I expect Miami to outperform CPI because it is a destination location and coastal land is more constrained than inland (such as Midwest, central, etc).  

I am not sure there would be enough margin in this to support your goal.We know people are not lining up to accept section 8 so you could build housing targeting that group in some locations.