Ive got 4 properties evaluating now.

I’ll explore all three, and discuss the differences of each and how they apply when exploring real estate investments.CoC [Cash-on-Cash]Cash-on-Cash Return is the simplest way to evaluate the performance of a real estate investment.

He should probably make the HOA aware of the issue and have them begin taking a look at the plumbing before the damage progresses any further. 

Or would should it be a progression moving from one operating mode to another?

I know certain things take experience with a dash of common sense, but when your savings is on the line, you want to evaluate your plan just as much at the properties you are trying to buy.I reached out to a few agents regarding OOS properties to ask about the areas from an investor's POV and it was almost like they didn't want to entertain the thought and were less than supportive of buying in certain areas. 

However, if you plan to hold them long term, the key is to pick an area you believe is in the path of progress.

I've been watching this for 2 years, back when I started looking at progression in Texas to decide where to invest.

But at this point in the market you'll probably find that you'll get there more quickly with less cost if you buy the first and hold, then 1031 into a new one and etc etc.Basically change the flip game from buy fix flip to buy fix rent evaluate for sale.  

I have a great agent in the area and reasonable knowledge of where progress is moving, which is why I’ve been thinking it is the right place to invest

One factor that is important as well is your current salary, since that will be a strong evaluation when the lender does your preapproval, they need to know how much you can afford and if your able to pay the mortgage most importantly.If you plan on buying out of state, you will be getting some cash flow, less appreciation than California.