Include how much money is being invested by your friend (downpayment and the fix & flip costs) who will be managing the project, who will be making key decisions, who is doing each segment of the renovations and spell out specifically all the costs for the flip - including: Money for renovations, taxes, insurance, and loan payments while they own the house, utilities, marketing the property for sale & the agent’s commission - if using a R.E. agent.

Not much inventory in general but a few market segments are soft (downtown condos, fixer-uppers and anything tenant-occupied).

Never thought I’d want a condo before but downtown condos are mints right now (and one of the few market segments with inventory and less competition).

It might be worthwhile asking an appraiser what work might get it marked as resolved in a bank appraisal so that it can market to the mortgage-borrowing segment of buyers at closer to full value.

Honestly, this is a place where manufactured home builders could make out like bandits, but I think in general their entire segment is growing so fast that not too many want to take on the additional business, so it may be a nonstarter. 

Problem with this is double the security deposit and a triple signing bonus is a drop in the bucket compared to the costs renting to this segment of the population is going to cost landlords.

To be a legal shear/brace wall the minimum length is 2ft-8in for a 8ft wall (that is the wall segments between door and window openings).

Divide the search up into segments for your analysis, such as:Studio only, 1 bed, 2 bed, 3 bedPrice range $500-600, $601-700…$1,201-1.300 etcMake a little grid so you see how many units are available in each range.

Below are the turn costs for each segment based on the above assumptions.If I multiply Total Vacancy Cost by the 10 year turn frequency, I get the following:Transient: 10 turns x $3,200 = $32,000 or $3,200/YrPermanent: 2 turns x $2,000 = $4,000 or $400/YrTransitional: 5 turns x $7,000 = $35,000 or $3,500/YrAs you can see, to have the same net cash flow from the three different segments, you need to have a far greater return from properties that target Transitional and Transient tenant pools than the Permanent tenant pool.

Small towns may rely too much on a single business or market segment.