Be aware of such things that add value or subtract to include location, location location sqft,size of lot,garage,basement, # of bedrooms,age,age of construction,type of construction, vacancy and rent roll, expenses, taxes,ect.

Just looks like a good market in terms of rents in relation to prices, plus it's a decent size city that seems to have a fairly diversified economy...

Karen will come back, they do developments and I'll bet the paid thier dues over time to get where they are....to this point.I'd say work with one, not many write books on the subject that take in all kinds of developments in various parts of the country.Spend 10 years at it and you could be pulling down some great money for another 20 years, may be longer!

Here are the budget breakdowns on both houses to give you an idea of what I spent here in Atlanta (and you can look at the pictures to get an idea of the size/condition of the house):http://www.123flip.com/house-19-budget-recaphttp://www.123flip.com/house-35-budget-recapPersonally, I think all these flood houses are a great opportunity for investors who aren't scared to jump and take some calculated risks.

I bet he won't take the money.

I bet any of us here in BP can run circles around these guys with the knowledge we possess.

I am intensely fascinated by the market and the fact that this investment provides tangible and human links that are unique to this field (which I'll bet for many has had both positive and negative implications!).

In both cases I would have a professional company manage the property.Does that seem like a safe bet ?

J Scott - you lost this bet, but it seems that your first and second favorite teams will be competing in the upcoming Super Bowl - that's a look on the bright side for you :)

If the house then catches fire, you can bet that Gross Negligence will listed as a cause of action on the lawsuit.