Nor can they see any construction plans to assess true value.

Those are buyers not renters unless there is some other circumstance.I think you are right about supply....apartment construction is just about to come to a halt and unless interest rates drop in 1/2 probably won't see that pickup for a while. 

I also see your point about avoiding bargain basement properties, especially insofar as tax shielding is easier with an asset of a reasonable size.Your point about barriers to entry is also interesting, since I suppose those barriers can be geography (natural boundaries of mountains/water), but you're probably referring to that which impedes future construction?

For a BRRRR if you are using debt most people will use some sort of hard money to purchase and a construction loan to fund rehab (unless you use cash).

If you don't have construction experience, I wouldn't start flipping.

Housing has always been super affordable there, and new construction has increased in recent years.

Additionally, by virtue of owning all of the units I could, with the help of an attorney, construct the bylaws in such a way to maximize value and eliminate bylaws that would be value-restrictive.I've talked to a couple of non-QM lenders who could provide financing to buyers under such a scenario, but the tricky part is appraisal value, especially in a state where, according to Redfin, no co-op's have sold in the last 5 years.If I got a couple units sold using seller-financing at $220/sqft, since there aren't any other co-op comps, would this provide a basis upon which an appraiser would provide a valuation closer to $220/sqft than $135/sqft?

One place that will soon become a rental market heaven is an area around Johnstown/ New Albany where a huge Intel plant is under construction with plans for thousands of employees, not to mention the contractors there now. 

There is new construction in the area.Thanks,Todd

I am very interested in real estate investing and flipping (I have a decent amount of construction experience) I was wondering what some good resources are to look at when evaluating a property, especially in the Dayton / Cincinnati area.