In addition, if any of you all have knowledge on the climate of the Real Estate market in Burlington, NC that would be greatly appreciated!

Now flipping is hot again, at least in Austin and Houston, and buy and hold deals are a little more scarce due to the REO inventory thinning out and overall climate for investing.

We all going to die from climate change before the bubble bursts.

thanks, @Brian Burke - that explains it - the numbers you've all been discussing above are highly speculative, particularly in today's financial climate - I'll take the "low" (10-16% net pre-tax cashflow p/a) that we've been seeing in our condos over the risky potential discussed here any day of the week, but I do realise it takes all sorts.

In your climate you could probably make due with a less expensive unit and still maintain a similar HSPF.

The pool will vary by the climate weather of the state and county the property is being purchased in.

The right solution depends a lot on the compass orientation and climate.

@Travis Hintzel It really depends on a few factors: 1) neighborhood dynamics 2) climate 3) bus route.I am the president of the Housing Corporation for the Fraternity which I was a part of during undergrad.  

So with the cigarette smell it's an all or nothing proposition getting It out to lease to a non-smoker.In warmer climates the smoker will go outside.

There are micro climate areas of different neighborhoods which change the real estate landscape widely.