Frankly, even local: the last 3 properties I bought were all in close to move-in-ready condition, because currently, I can't get enough discount on a property in a desirable area to pay for the necessary repairs and upgrades.The radical solution: move to Cincinnati, even the playing field and become a local investor.

Is it still possible to achieve success in this current market condition?

The roof is new, and the foundation is in good condition.

Depending on condition: $765,000 - $900,000

Basements are essential for value in Wisconsin so I look at sitework costs and land conditions very closely. 

Juan,CU can be tough when it comes to guide lines, overlays, DTI, credit, property type/condition. 

How much is the house worth in its current condition?  

If you are planning on buying it with a smaller down payment, that will also increase your mortgage costs as you are borrowing more and also need mortgage insurance.The price of the home (from the seller's perspective) is based on market value and condition, not on whether or not it matches the 1% rule.   

However, existing properties may need updates or renovations, leading to potential additional costs.Key Considerations:Market Conditions: Fluctuate, impacting whether buying or building is cheaper.

Ask them about the condition of the home, whats motivating them to make the move, etc.