If you bake a cake, it almost never comes out as good when the recipe is followed to the letter.

When you have a place like Indianapolis that already has a thriving market for both flips and holds the prospect of Amazon is just the icing on the cake.

This applies any time you are searching in either a new geographic area to where you are currently investing, or looking at a different asset class.For example, if you own residential rentals in Los Angeles, and go to Anaheim to look at residential rentals, that is the same general geographic region and also the same asset class, so those expenses may be immediately deductible so long as purchasing new properties is a usual and ordinary business activity for you.But if you go look at commercial property in Anaheim, that is likely not immediately deductible since that is a new asset class for you.Likewise, if you travel to Omaha or Cleveland or Raleigh, that's a new geographic area and that travel is not immediately deductible.BUT - as soon as you buy that asset class or in that geographic area, you can tally up all your prior travel to that location and add the expense to the basis of the asset.

So that's always icing on the cake!

Try and buy for the price of 3 and the 4th is icing on the cake

Other than that, it's a piece of cake.

I don't think the money outlay and time justifies the profit but this will make any future flips feel like a piece of cake ;)

Appreciation is icing on the cake, but be prepared to exit at a lower cap rate than the current market4.

that could be really be tough to do, the dust, the missing utilities etc.Net Net, I would pick a deal that at least shows a little bit of a return and analyze the flip separately and then any cost avoidance is a bonus.The deal doesn't need to be perfect as a flip only, it needs to do ok as a flip, and then the icing on the cake is you aren't paying rent.  

If you Get appreciation that Is Icing on the cake .