But, it may not offer the ROI as other locales, and it may not be "fun" like buying in a favorite vacation spot.2 - The highest ROI folks - Self explanatory, will go where ROI is high and/or regulation low.3 - The second home/retirement minded - These people are looking for minimal ROI but want the house in a specific location because they like to use the property and want it to pay for itself.

Investment Info:Townhouse fix & flip investment. 217 W 131st St, New York, NY 10027, is a historic townhouse located in the vibrant Harlem neighborhood of Manhattan.

While there are some markets I feel are so saturated it is near impossible to be successful in todays market (Orlando), in most competitive markets you can be successful if a) have reasonable expectations and b) do everything right (price, location, pro design, pro photos, etc etc). 

Would you mind sharing the locations you mentioned?

The location all in,cost him X; he got an appraisal for the bank from CBRE national firmof XX and now the firm who called him mentioned paying XXX.

However, what is far more important for financial freedom is the location/city where you invest.The city where you invest is far more important than the current interest rate.

They do not write policies in Louisiana where all of my properties are located. 

What strategies do you recommend for securing hard money loans for spec builds?

Quote from @Phillip Austin: There are two alternatives to a security deposit, which I speak about in my book.

I do have a very specific and curated buy box, so I know what i'm looking for in terms of zoning, lot size, buildable/improvable sqft, location, etc.With that being said, do you still not recommend going through sheriff sales?