We are working with a wholesaler to do our first fix and flip, but due to the slim margins, are unsure if this is the right path to follow.My question is do we look at out-of-state investing to make the numbers work?

It will be my first investment so it’s a bit scary as my first investment will be out of state.I read all the books I can read, so I guess it’s time to put it to the test hahah wish me luck.

Buy right and stress test your deal.

These are fantastic buildings that have stood the test of time and in many cases are much better built than newer masonry construction. 

@Bright Ayalingo what I love about PPC is that you can test landing pages immediately so you don't have to wait forever to see if what you're doing converts.

In SoCal you would be laughed out of town asking if a >10% return that includes financing and full realtor commissions was slim, but I'm not sure where you are so it is tougher to say.

If you have 3 prong outlets, must be grounded, will test.

Remember the market is testing you now but if you weather it now, the rewards wil be unlimited soon!

Fueled by caffeine and ambition, I start to look for any patterns and start to run statistical tests to find any outlying data.

Plus, land costs / values and construction costs / materials and labor are dramatically different throughout the country, so a set standard wouldn't apply.For the sake of argument here, I refer to a term that I use quite a bit which is a "test of reasonableness".