Bought a single screen theater in a small town and flipped it a year later for 50x.

I own my home in-town and know a lot about the city, been here over two decades.So excited to meet new people and get started on this real estate thing! 

Keep in mind that towns and cities may have different ordinances that may require city approval before tackling your plans.

Could you outline your process of determining whether the property was worth investing in as a small-town purchase?

Some towns in the suburbs are more lenient and do not require a master electrician signature but the experience has to be in the electrician field, luckily I work designing lighting fixtures and I'm quite often at the job sites when electricians have issues/questions with our products so I will use that as experience, my co-worker did that to start his own business as an electrician last year.

I am pretty excited to find a whole community of real estate geeks that I can start exploring- sometimes my wife isn't quite as excited to talk about it as I would like :)I am mostly interested in BRRRR, Fix and Flips, and long term buy/hold depending on available at the time.

Ron was a couple years behind me in my home town of Gates, Oregon.

Investment Info:

Single-family residence buy & hold investment in Waitsburg.

Purchase price: $87,500

Cash invested: $28,561

Contributors:
RaeLynn Zaharevich

The 2 bed, 1 bath hous...

Yet there are investors in town who I suspect can complete a rehab for ~50% of the cost it would take me to do the rehab. 

I went to my local realty shop and the kind woman in there showed me the values for houses in my town of Staten Island in NY.