However, the rents are slightly lower and could potentially wipe out your monthly cashflows with one major repair.As for higher appreciation market like West/East Coast, it's more expensive, but rents are higher due to a strong labor market, there will be a certain amount of demand for those markets, but the downside is that you will need to be creative by adding more values for the property.

@Joe S. bigger and wiser than his time? 

It takes a long time for properties to be rebuilt due to material and labor constraints, permitting issues, flood maps being redrawn based on which areas actually flooded and which didn’t, etc.

@Joe Derobertis Opposite side of the state...

Quote from @Joe S.: Quote from @William Karlsson: Hello Everybody, I'm 21 years old and have accumulated $2.5 million through e-commerce. 

This can be a nice compromise where the GC isn't paying for materials out of their pocket and you aren't paying for labor that hasn't happened yet. 

What would you estimate the additional labor hours to be annually for reading, processing, etc?  

I'm dealing with a Union issue right now in a non real estate matter and labor relations attorney stated anything via text  is not considered binding.  

Find someone at your local REIA who you click with and see about partnering with them, following them through a project, or offer to trade your labor/skills for them mentoring you. 

The labor and materials cost varies widely in different markets.