I would not do this, if you don't look at the property you might buy something with a bunch of unforeseen issues.

What would you say the biggest issue has been?

•Check historical flood maps to see if flooding has been a recurring issue in the neighborhood.3.

Basically, these are lands that technically qualify as Sending sites, but that have issues such that nobody really wants to build there.

For example, to get up-to-date property tax data you would need to scrape every county's tax data website (thousands of different websites, data formats, issues, etc...) then aggregate and clean the data.

Using an unexpected repair as justification for not caring about cashflow as much as appreciation doesn't really address the issue, especially when appreciation also operates on the idea that the property's condition doesn't decline relative to comps.From what I understand about REI and cashflow, cashflow should cover not only PITI, but maintenance, repair reserves, prop management, etc.

Shayan,Best option to avoid issues and stay risk free along with having a better approval chance would be to go with a Cash out refinance.

If you are new to the business the most common issue is you're either locking up deals too high or you aren't finding attractive deals.

That's why the search isn't fixed after 10 years of the exact same issues.

Most of our water pipes are in the ceiling here and when one breaks it ruins the floor, plus we have had some flooding and other issues in FL.