My colleague is looking at a much broader area in rural/semi-rural Idaho for retirement/vacation/"hobby farm" use.

I completed my first two deals this year and both are semi-LO deals.

We are semi new to the market of whole sale and flipping houses.

A (semi) brief history; in 2014 I took 20K which I had saved and invested in 3 properties, with a real estate agent, with NO strategy or plan of my own whatsoever.

Perhaps, If that person only used google earth app,they might have noticed the property the building  sandwiched between 2 abandon buildings and a semi desolate street and could've possibly saved money not doing it.

This is in a city with a 400,000 person 20 mile radius in the midwest, it is predominantly blue collar and military, it is 39 units 9 garagesHere is the one I like most: Efficiency 2 @ $430= $860                                          Local average $450 1 Bedroom 20 @ $551 = $11,020yr                                       $550 2 Bedroom 17 @ $617=$10,489yr                                         $670 +- 3% Laundry Income  = $360yrCarports & 9 Garages Less Vacancy  % 4 = $909MONTHLY  Income $22,729YEARLY $261,838ExpensesTAXES 2015                                              $42,300 INSURANCE *REPLACEMENT COST      $18,700 WATER/SEWER                                        $12,223 GAS/ELECTRIC                                         $18,329 WASTE                                                      $7100MAINTENANCE/ SUPPLIES / CAP IMPROVEMENTS/ ROOF/ GUTTERS/ ELEVATOR  $22,7kMANAGEMENT *6%                                 $15,382 SNOW/LAWN CARE                                  $2,305LEGAL/MISCELLANEOUS                         $2,592TOTAL EXPENSES AND % OF INCOME 54% $141,556This is located aross the street from a catholic church and grade school on a semi busy street.

I'm a semi-retired 59 yo, sold my home and want to try to flip a house or two.

I own out of state rental property in NY and will have a semi-complicated tax season as I've started my own business, will be harvesting some gains/losses, moved, have multiple W2's, had a child.  

I was semi-ranting about the same thing and the nanny system the military has created.

you can do that in semi to rural little burgs ... were you have no war zones etc.you try that in Milwaukee or other major cities and you will have a handful with tenants and such.