Properties in Broad Ripple for example were outta control during the summer.

REI is a broad term feller.But let's assume you want to flip!

It should go without saying that you get to know the local community that you choose, but also make an effort to know the state more broadly.

By exposing it so broadly you may find a solution that works for you or you may refer the deal to someone else who has a solution and get paid a finder's fee.All of the states have different regulations as to "finder's fees." 

People are looking for lowers taxes and if you lean to the conservative side of the spectrum then Idaho's the state conservatives are gravitating to. 

Bob brought up some great points about balancing the spectrum of better financing with the headache factor when it comes to buying with or w/o selling.

The problem is there's a huge spectrum of "bookkeeper". 

I know all the little details matter but just kind of looking for some broad opinions. 

You are on opposite ends of the investment spectrum and will likely never agree.

Your question is way too broad so let me give you a broad answer:1.