For any value add project, the primary evaluation is based on the numbers.Provided you have trustworthy teammates for the renovation side and a competent agent on the valuation side, you'll perform no matter the location.It seems your weighing factors that relate more towards long-term investing and where your asset will appreciate the most.In respect to emerging markets, you'll want to use characteristics like population growth, employment growth, safety trends and path of progress.

For Example:  All Blue houses make more money.Lots of times, I tell people not to trust me, since my topics can be vetted, plus I don't know their personal situations.Just surprised that people on the Forum don't have more Podcast visits referenced in their bylines. 

I had this exact conversation with a borrower just a few hours ago, and it surprised us both.

This will help you assess the value and avoid surprises down the road.12.

I'd be surprised that you couldn't find several HML with that record, assuming you haven't defaulted.

Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?

By doing this, you’ll avoid any surprises down the road and ensure the deal still makes sense for you financially.

All of real estate is state specific - while nationwide laws exist the judicial courts often rule differently in different jurisdictions3. when new or inexperienced you don't know what you don't know - advice on BP or from Google searches are only a general guide - you'd be surprised at how often the advice does not apply to your specific situation4. there are often two, three, or four or more ways to accomplish the desired result.  

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Even if you hire contractors, you will still need to manage them, make sure they stay on schedule, and deal with surprises.