Your vacancy should also encompass nonpaying tenants and evictions.

However I've noticed I can get a bigger property for 1/3 the price that has more of that victorian/QueenAnne charm that I'm looking for in states like Georgia, Pennsylvania, Texas, Louisiana, etc. 

We're almost 100% internet leads these days and of course, the old faithful Bandit Signs still work like a charm!

You'll get greater craftsmanship, attention to detail and charm that is in high demand, especially in nicer or historic areas.50s you'll have romax wiring, could have a fuse box but much newer or breakers, 100+ amp service.

u are more than welcome to quote my home and auto which is with encompass.  

And deals will be hard to come by without any experience but you can find smaller deals via direct mail marketing and use your charisma and charm to get the seller to sell to you.

The home itself is VERY charming with architecture typical to the area.The house will very likely need significant work on plumbing, foundation, electrical, etc., but per several agents is unlikely to be torn down.

@Ronald LopezI feel like real estate is so broad and encompasses so many different things that you can have a career in almost anything and that skill will help you be a good real estate investor.You like myself are accountants - we can understand real estate from a business standpoint(P&L, Cash flow etc).Real Estate agents deal with real estate all the time and should know what is a good deal and what isin'tContractors should be able to see what is wrong with a property and estimate what the rehab costs should be.With that said - you should bring your skill to the table and hire people on items that you are not good at.

Philadelphia has a a lot of charm and its evolution over the last 2 decades has been incredible.

A little over 60 miles from the heart of DC but less than 20 miles from the DC MSA which now encompasses Fredericksburg.