If you expect home to be 500k at end of 3 yrs nothing will beat that return compared to the meagre cashflow you will get midwest after taxes, maintainence, property mgmt, water bills etc. when you are local you save on PM costs.

If they are at end figure in your offer.

@Maximilian GloddeFirst, know that partnerships have a tendency to go wrong on the first deal.

Your CPA can tell you at end of year how to be taxed anyways, especially if it is your first.

My lender explained they won't fund loans on houses that need foundation repair, but it's possible their appraiser wouldn't mention it since most of the homes in the area are older, pier and beam, with a tendency to shift around. 

., collections) and by doing so, I was often bitten in a tender spot in my anatomy.  

@Jason Howell  These government giveaways have a tendency not to pan out in lots of cases.  

Total cashflow at end of year 5 = $255,000/year.I'd appreciate any advice on a location where this type of strategy/criteria could work well, and also info that would help me make my assumptions/estimations more accurate.

an Ex POLICE OFFICER spoke and spoke and spoke for 2 DAYS ABOUT HIMSELF , sad he knew what the purpose of the course was to see how many people would fall for scam and apply for credit at end of course , he used his previous career to have people like him and then he used his wife who saved him from being shot because he stayed home on a certain day that someone else filled in for him and they ended up being shot, and he goes through two days of the course telling us his sad story and even does this crying thing while speaking , man he got about half the people to sign up an get approved for the credit $25k with the crying drama scene.

Successful people reach decisions quickly and definitely, unsuccessful people reach decisions slowly if ever but when they do reach a decision they have a tendency to be very wishywashy and change their mind often even when no new factors are introduced.