If you're located in WI, check out Premier Point Realty and Homestead Realty....both offer the licensing course at a discount and some of the lowest fees/commission splits in our local market.

So Augusta, GA is one of the locations that has been on the top of my list.  

Hello,I bought a duplex in Pensacola $75,000 under appraised value, in an amazing location.

Quote from @Brandon Vukelich:If you buy a vacation rental in Hawaii, then you're tied to that location.

Its going to really depend on your location, scope of work, and finishes.

And the most important thing LOCATION,LOCATION , LOCATION . 

Plus each house sitting empty for t months seems wasteful.)But it’s hard to find a warm but not hot and humid location.

We are in the Burlington area, where are you located?

If it's a deal that is in a very very desirable location and has tons of built in equity and appreciation, I would be totally good with negative cash flow for Y1 and Y2.

There's nothing wrong with where your your present cleanout is located.