Were you targeting single family homes or multi-unit properties?

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

It may not be possible, but if you're going to go the appreciation route (versus cashflow), then you're best off targeting 5+ unit properties where you can force the appreciation by driving NOI.

The reason for this is that it will help you fit nicer into the lending guidelines and make your refinance much easier if you ever need to access the equity to scale. 

This will give you an idea of what kind of budget you can take on and in turn, give you an idea of the kinds of properties you are currently in position to target. 

Figuring out who my target group was helped me get the right investors and form long-term partnerships.

Plus the price points are closer to what I'm used to from Wisconsin.Another area I'm considering is Kern County, which isn't super convenient but may provide an easier entry into flipping around here. 

I've always been curious on this one as I run into a ton of folks that did taxes incorrectly on turbotax/h&R/etc...and for the question, I think reaching out to a local CPA or to Michael above and just paying for it may be far easier than trying to deal with the IRS yourself.

@Mike Dymski I always use month to month leases, much easier if things go to court, as the lease is only good if it’s paid by the fifth.

we work with a multi state operator to find new sites and we generally target .6 - 1 acre for our buildings, but they are single tenant free standing buildings.