I'm also concerned older homes have already seen their biggest jump in capital appreciation and don't have as much potential for price growth compared to newer homes.What are your thoughts on older homes?

I’ve never done a short sale before, so I want to make sure I’m not missing anything important.For those who have bought short sales before:1️⃣ What are the biggest risks I should be aware of?

That's one of our biggest risks it seems, however, ND is more friendly than the MN side.  

Lastly, what’s been the biggest surprise about being a landlord so far?

My biggest road block right now is finding a PM company.

•For example, a listing with three price drops and 180 days on the market would be weighted less than one with 30 contacts, no price drops, and a quick removal after 30 days.3.Open Data:•Provide direct access to each comp’s details: price history, leasing schedules, photos, and even links to the original listing sites—all without leaving the platform.These three issues have been my biggest frustrations with current tools, and I’m building this out for internal use in my market.My questions to you:•Is this something you would want to see in your market?

My biggest concern is the basement.

But here's our biggest challenge: convincing an old-school, penny-pinching grandfather that investing in proper management, maintenance, and renovations will ultimately increase long-term profitability. 

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.The downside of using FHA or a FHA 203k is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

If I'm mentally and emotionally all-in on the incoming administration and think the economy is going to be amazing, best economy with the biggest hands ever, etc etc, then I can do better than gov't bonds, given the emotions I am experiencing.