If you’re thinking of doing so, that will certainly alter your strategy.

Rental property investors typically earn an annual return of 6-12% of the property's value, translating to anywhere from $10,000 to $50,000 for a single-family home, depending on location and property type.Land of the Lots: Investing in raw land can be like planting a seed and watching it grow into a forest of financial opportunities.

Actually, you can craft the deal anyway you want and alter it as needed depending on the feedback or lack thereof, you get.

(In the case of a long-form permit/ Alteration):Lessons learned and tips to share:- Why buying with a hard money lender gets very expensive and can kill the deal.

After a few projects you can actually have a substantially large list down to product barcodes and that can then translate into a nice scope of work for you!! 

The mathematics on a 30 year amortization will translate into lower offers.

This key benefit alone not only alters the risk profile of the investment, but it does so without substantially compromising the potential returns.

It seems like my water bill would be outrageous. 6-8 changeouts translates into 2400+ gallons of water a month. 

I don't think as many people are looking in those towns/areas as, say, Providence or Pawtucket.I would just say, familiarize yourself with the landlord-tenant laws of each state as early as you can since that might affect where you want to ultimately buy, and you'll need to know them anyway.I don't have a resource handy for Connecticut but for Rhode Island the venerable Landlord-Tenant Handbook is a great starting place as it tries to translate the laws (the RI Residential Landlord and Tenant Act aka RIGL 34-18) into human-readable text.

They do have pretty decent rates though which translates to revenue in your pocket.