Not all but a vast majority based on my doing deals in PA NJ WV OH SC etc etc. 

We are based in NYC but are considering (as of now) locations outside of NY but within a 300 mile radius. 

We have made money buying properety based on cash flow (lower priced) rented out for a period, then selling to an owner occupant. 

.- You will have to come out of pocket for the arears, fees etc, just to get into "contract" some times $20k or more and all you have as protection is the word of someone who's proven to be unreliable and a signed piece of paper... 

Have invested in ABQ with first purchase in 2020 - and that was based on my knowledge as a film/TV friendly area and affordability.

Based on your first fix/flip, it sounds as if you don't have any issues doing moderate rehab.

I would still set aside money for renovations that are need based if you do that and use the rest to invest.

Hey @Connor O'Brien - There is a list that CHA releases each year that states the maximum rent they will pay in certain chicago areas based on bed and bath counts. 

So, based on that, you need to keep the security deposits separate from your own funds and also from each other.

@Ilir Livadhi I think you are referring to property wholessalers telling you how much the rehab will be - and as you see, their numbers are often not based on reality.