Look at it as a scaleLocation normally means higher appreciation but lower cash flowDescent location will provide median appreciation and cash flowLower end location will provide little to no appreciation but great cash flowGentrifying neighborhoods however can put a spin to all the above as you can have high appreciation and cash flowDepends what you goals are: If you want a higher net worth then you want appreciationIf you want money every month to pay bills then you want cash flowOr you can have the best of both worlds.

Too many people try to jump right into larger 100+ unit deals and end up spinning their wheels for years and then give up cause it was too much to chew on.

As such there are a bazillion things spinning in my head that I need to be educated on.

Is the water meter spinning wildly.

You keep spinning things around and are flat out wrong.

I know this isn't specific, but I have been spinning on what to do.  

Otherwise, you will find you are spinning your wheels, and you will lose more in the long run.Seasoned flippers know how valuable time is.

The problem is....they always arrive at numbers far less than a flipper is actually going to pay for the property, and they keep spinning their wheels and getting no where.So look at the actual purchase price people are paying, and the actual sales price, you know roughly the sales cost (I estimate 8% in Maryland), then that Delta is your profit and renovation cost.Now arriving at that renovation cost, its just learning and experience. 

My head is spinning..

If it is not buildable you might want to see if the shack can be 'maintained' or expanded, and if so try to build a house around the shack, even if the shack becomes a backdoor mudroom.You might have property that is only useful as wetlands and there are conservation banks that may buy it for that purpose without the shack.Too many spinning wheels on this one, ask a realtor for a free appraisal to get an estimated value.