(3 cheers for the modern age where we have the technology to do this:)

If you're interested in the Coachella Valley you can also consider 55+ communities if you are of age.

cost to sell are going to be 10 to 15% minimum to plug into TK resellers pipe lines.. have you run the numbers  lets say purchase rehab is:PP 70krehab  30k  pretty average in that age class assets in Cleveland ( keep in mind I funded over 300 deals in Cleveland personally in the last few years so I do have some experience in that market).So 100k all in.Cost of capital  2 points 12%  plus your going to need at least 30k in cash to pull this off. lets say your super good at what you do and can do it all in 6 months.2 points   2k  12k  6 months  6k   for total of 8k  HML will hit you with another 2k to 3k in junk fees so thats really 10k in borrower costs.tAx's  lets say 1k for 6 months.Closing costs when ou buy 1,500 to 2kClsoing costs including commish and seller concessions and title and escrow at least 10% Utls and insurance  1500.0010k profit So that all adds up to an exit sales price that needs to be at least 124,500 hard costs and now you need to sell for 130k to 140k to make your profit. and given where investor want to be they want 1% rule or .08   so use 1% for easy math they want that house to rent for 1300 to 1400. 

So, right back at you:  "RUBBISH"Regulation is absolutely anti-American. 

Quote from @Jason Anderson: "I'm late to the real estate game at my age."

Millennials are the biggest demographic cohort ever, and they are just entering prime home-buying age. 

Aging roofs, faulty plumbing, or unexpected structural issues can eat into your profits if you're not preparedLocal Regulations Can Make or Break Your Plans:Zoning laws, building codes, and local regulations can vary significantly from one area to another.

But, if they have something that is worth resale value, you need either the same thing or something equivalent to achieve the same value (assuming the other aspects of the comp -- similar size, type, location, age, etc. -- are the same).Comps don't mean, "This is what your house is worth..."

But to be more specific, I saw gaps between boards in the flooring, bathtub drains with paint still in them from reglazing/aging, toilets left with feces, and numerous other very odd issues that are not rocket science for basic cosmetic flips that I shouldn't have to point out to an experienced CG or PM.

The road is not in, the water main not installed, the sewer main and laterals not installed, etc.Just having the engineering done, and the plan approved, adds significant value to the land, and makes it attractive to a developer who now, doesn't have to go through all that work. while in todays day and age yo would need all those approvals to create a paper lot.. back in the olden days paper lots were created by simply drawing them on a map with zero engineering they did survey though.. and there was no thought given to reality of actually building them or providing services..