I am wondering how much expected weather of an area impacts your decision to invest in a specific area.Recently looked at Census data which shows that people are predominantly moving to Florida and Texas.

In a city like Philly, you will face many challenges - you need to learn the market and know the neighborhood and the block and make sure all of your numbers are within reason, you need very reliable contractors, you need a to understand the permit process, you need to be familiar with market expectations. 

I was able to figure out that they had come upon some hard times and were significantly low on cash.

I was a terrible negotiator, but I figured, anything under or at asking would be sufficient.

Then let's set up a call to discuss your options and figure out a strategy for Home 2.Jeff

Perhaps do a case study with a hypothetical deal you think is typical for what you are looking at and compare it to the alternative investments you might use and their expected returns.

It can also be an opportunity to discuss house rules and expectations to ensure you're on the same page.While being cost-conscious is understandable, investing a little upfront for proper screening can save you a lot of trouble in the long run.

Of course, everyone gets to set their expectations.

I compile the list of only properties that can gross six figures plus and with prices under $800k.

And start feeling people out and figure out who’s real and which one of those you vibe with.