Enforcement around FIRPTA has gained speed in the past four years and it is now part of our standard real estate contracts here in Colorado, USA."

@Brent Beard With contractors there are 3 metrics: quality of work, speed of completion, and low cost.

Amazon is supposed to be opening a distribution location in Las Vegas creating 1,000 jobs, and speeding up you online ordering junkies orders.

Out of state management might have a few speed bumps, nothing you cant handle.

Real Estate Investing is about speed...and life is short! 

I loved investing in Stone Mnt area .. unfortunately I never moved there like i planed and found the distance flipping to much without a boots on the ground person I could trust .. good luck I wish you all the very best ..God Speed, Michael Short  

I wish you the very best on your tough decision ..God Speed, Michael 

So even with intention/mission there, the city cannot move at the speed of bureaucracy and expect to secure land for low income developments in the current market.

Account Closed$400K for a condo ... here on the other side of the country, there are several places I can get a 6-12 unit building for that amount ;-)5 - 10% is not enough margin to even consider for a flip ... you would be better off speculating .... buy a condo, live it in for 6-months in the hopes the run-away-train keeps picking-up speed and the sell ... as risky as that sounds.Alternatively, you could find a partner in another part of the country and invest for cashflow or as a money lender.

I just started investing here recently (primarily invested in Florida and Rochester) and actually picked up my real estate agent license to speed it along (though it isn't my full time job).