Owned and operated 4 real estate office at one time in the late 80's.At 16 years old worked one summer in a factory.10-15 cut lawns, cleaned yards, helped my dad rehab prop's and blackmailed my older brothers a couple of times for $20.

If all goes well tomorrow, I'll own a factory.

Much more transactional 'brain damage' that way.The third factor is legal risk.

I currently work in a factory and have been there a couple of years.

The deciding factor is if it is smart, safe, and profitable to own a house that's in a completely different location than I am.

First factor is the financing for the tenant buyer.

We know its there but the risk factor is so much in favor of you if you're doing your numbers right, that the reward you'll get by adding another rental - or in your case doing a flip - far outweighs the risk you're actually taking.If you think you're seeing some good flip deals passing you by right now, I would refi those rentals at 4.2% in a heartbeat and move on one.

As we all know it can't be reproduced in a factory and everyone's money is going to be spent on it in one form or another, by purchasing, renting or loaning to another for purchasing.

Some providers have a knack for running these as low as 5% to make their numbers look stronger.Then, an even more important factor is to compare neighborhoods.  

Certainly RE was not the only factor in thier demise but a contributing factor. I