MODERATOR: Replies need to include an explanation of why the market you're recommending is a good one.

Look for population growth,median income, school systems, crime levels, future development plans, etc.You have to decide if you want all appreciation and limited cash flow, moderate cash flow and appreciation, or mostly cash flow but little to zero appreciation.

Can you drive 20 minutes to a moderately sized metro area?

If appreciation is moderate or low then those are terrible prices!

He's a moderator and does commercial loans, and I'm sure he could point you in the right direction for the financing.On rehab projects for multidwellings I always focus on getting units rented as quickly as possible to minimize my losses.

Moderator, US Commercial doesn't do "A-paper" type loans so this is not a solicitation.Stephanie

However, people on BP will say it’s totally discriminatory, but you are fully allowed to select a tenant you feel is best qualified... alcoholics and drug dealers are usually something I feel as “ unqualified people “ haha.

Also, some of the properties that have gone through moderate / extensive rehab should be coming back on the market in the next 2 - 3 years.

That leaves you to the ones that "cant find work" to take the job (my experience has been that they either don't know what they are doing, never show, end up stealing, drug/alcohol issues, or just have zero pride in their work leaving you with a bad repair/rehab). 

Congrats @Joshua Dorkin and @Brandon Turner and the Moderators and Blog posters - don't forget the ones creating and managing the great content for all of us to learn from!