You are buying 1 property in a local neighborhood.

Recently acquired a fantastic property in a great neighborhood as a "fix-n-flip" however due the properties age and value I've not been able to find anyone to insure the vacant property while my crew does the restoration work.

This condo is in the heart of a prime neighborhood in Charlotte surrounded by multi million dollar single family homes.

If that is you, stop all of it and spend at least one hour every day looking at deals during the week and 5 hours on the weekend driving around and looking at listings and neighborhoods!

There is a chance their unit is also pretty dated compared to the others or others in the same neighborhood.

Specifically, we've got our eyes on some really cool neighborhoods like Buford, Midtown Alpharetta, Johns Creek, Aerotropolis, Peachtree, and Lawrenceville.

You're in business to make a reasonable profit without exposing yourself to liability.Ok I see your point but how many drug dealers live in your neighborhood or how many murders or people who break into other people houses and steal from them or prostitutes do you know of.

Based on the knowledge I have of the neighborhoods fundamentals and trajectory, will the most likely buyer still be an investor 5 years from now?

I think with Boise in particular, and the pacific Northwest in general, positive cashflow is difficult to achieve, especially for an out of state investor since the market is so competitive.Even with boots on the ground, cash flowing properties seem to be a unicorn even when purchasing for 70 cents on the dollar.One opportunity for cashflow in Boise is the ADU play -- new regulations make it more conducive and returns can be 10%+ cash on cash for a property in the right neighborhood.- Kole

Renovation Considerations: Before starting a renovation project, look at similar homes in your neighborhood to get a better understanding of the repairs needed to compete in your specific market.