I view Gulf Shores as higher risk/higher reward - appreciation potential is definitely higher, but risk is much higher to get wiped out as well;  basic costs (rehab, insurance, etc) will be much higher as well, but so will rental amounts.  

He has a home in WNY that is owned and was a marital primary residence until the demise of his wife.

Having this potential deal caused me to go on the hunt for people to help, and he is one of the wonderful rewards. 

Deals are about balancing the Risk and Reward for investors.

If you're confident in your abilities and have the necessary time and resources, taking on the role of your own GC can be highly rewarding. 

Low risk, high reward for them.I would also consider getting a 2x security deposit + 1st months' rent + last months' rent.

These investors are typically large financial institutions looking for safe, predictable returns, such as pension funds, insurance companies, and banks.Key concepts to understand in economics and finance are risk and reward.

Only thing you'll need to pay attention to is fully demising the unit with materials that have the proper fire retardancy.

There are risks and rewards to each.

This is not the best REI approach 100% financing, but our Risk/Reward Tolerance is very tight right now on new projects.Basically, Cashed out of those 3 locations.