An easy flip at 7-10% return might be more lucrative than a larger project that takes longer and more chances for cost over runs. 

@Unal Baris Kancoglu - if it is an easy switch out, probably $8k right now.  

It's that easy.

It's pretty easy to get suckered into a bad out of state deal because others want to make a quick buck, and you'll be left holding the bag. 

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

What matters more is how easy can you get there, how often will you be there to learn, how good is your team. 

I would recommend calling the city building dept, they are easy to get in touch with and a lot more helpful than other municipalities in the area.

I can see in states like California, you would end up with a squatter tenant pretty easy, and then you're screwed? 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.Here's a guide that teaches you how to analyze a property.https://www.biggerpockets.com/blog/rental-property-cash-flow...Finding deal that cash flow is the easy part.

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