It’s a bit like playing Monopoly but with real addresses and real money.. and when done right, it can feel like unlocking a secret level in the real estate game.But hey, no point pretending it’s all sunshine and roses.

I have a 3bd/3ba, 2451 sq ft condo with attached garage near downtown Richmond closer to Level 1 trauma center, great schools and universities.

Given our experience level, we are not ready to make an investment in a place that far away from home.

Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level. 

Little Rock and OKC are the capitals of each state so there's a ton of government jobs that provide a strong level of security because we all know those jobs aren't going anywhere.

I will not use the equity from my personal residence to invest in real estate, sure it can make more money but its just my level of risk tolerance.  

BUT....With the rates dropping ( and they will)  Buyer interest will increase and the markets will immediately start to level first , then increase( prices) as both buyers and sellers see the market stability and value.

The problems with the project mostly stemmed from the crawl space work, which required shoring, replacing structural members, leveling floors and insulation. 

That can vary depending on the market and the level of service provided.Hope this helps!

It is in a northern MI Downtown area (opp zone) in a county seat with 2 hospitals, had it re-zoned to mixed use, and is considered blighted which makes it eligible for MEDC funding of up to 50% of project cost.It is 8k sqft (4,000 each level) with the lower level being a walkout (top level is street level with sloped drive down to the rear of the building).