You’ll often see sales with 100-200% swings within the same area, which makes having deep local knowledge and understanding the nuances absolutely critical.I do this for a living, and even with experience, comping in Detroit can still be challenging.

Many BP members rely on myself and a number of others to use our knowledge, experience and analytical ability and provide our analysis of the programs being offered on this site.  

As a business, a judge will expect YOU to know all the laws and legal procedures.Make a minor mistake and the judge is unlikely to give you a break and may rule in the tenant's favor.The judge will see the tenant as a consumer and may give them a lot of leeway in court, even give them borderline legal advice.You are in over your head, not having the knowledge to properly handle this.

I mean if a seller has any real estate knowledge at all isn’t he going to realize that earnest money that is returnable to the buyer for any reason at all at any time isn’t really earnest money?  

They need to have the knowledge and experience of what YOU want to do.

If you live there you probably have a good handle on the subtle market dynamics.One significant risk of buying any property out of state is that you have a lot less knowledge and first hand experience with all the nuances of that specific market.

The problem is that they are not knowledgable enough to understand that the analysis is inaccurate, but start making investment decisions based on the analysis anyway.That is one of the main problems I wanted to solve with DealCheck by providing a tool that takes most of the guess work out of running analysis calculations and evaluating rentals/flips/wholesale deals that will satisfy 80%+ of investors out there.But going further, I think that tools like DealCheck are perfectly viable even for more experienced investors.

Just meeting people and looking to connect for knowledge.

Being local affords many conveniences based on access and your knowledge of the area.

Starting locally gives you that hands-on experience and deeper market knowledge which can be super valuable when you're learning the ropes.