The price points do make it hard to cash flow even with the lower interest rate subject tos. 

As I was priced out of the area, I decided to look at other towns in Pennsylvania.I bought a home in late October in Luzerne County for $83,500 and decided to manage on my own for the first time. 

Here are the details:Purchase Price: $300KDown payment if taking mortgage: 10%Available cash on hand: $40KEquity in Primary Residence: $700K - $1MSecond Home will need $10K initial investment to freshen up for personal and STR use.Assume equal rates for each product? 

Wage growth is still running at over 4%, above core inflation.This permeates to all workers, including the construction trades, and thus, to the price/cost of homes.

Unless it includes price of land in an expensive area. 

Waste of time, huge room for error and zero reason for a customer to do this.....any Contractor worth his salt will have better pricing/quality/selection on the big stuff and will have guys on his crew that can do those dreaded 'parts runs' for the little stuff. 

But Cost Sen studies have been so over sold, it may fetch you a better price, or terms, other things being equal.  

The median home sold price reached $582,329, reflecting a 9.7% increase from the previous year, with a median price per square foot of $325.

Usually in the year following your purchase, the property appraiser will reevaluate the house based on the new sales price.  

Purchase price: $230,000 Cash invested: $283,550 Sale price: $283,500 Purchased off market. $25,000 Rehab. $20,000 profit after realtor commission.