Where have y'all found as a hot area for flips that are not the Beltline or West End?

It's a hot for-sale market where I'm at and a beautifully fixed up home is always appreciated.You're 100% right that tenants will damage your rental, especially if you're not in an A class neighborhood.

I would say you need to plan for the following to happen to you during the next 15 years:- May need to drop rent by $200/month for a while due to market conditions- May have 2-3 months of lost rent due to vacancy and/or eviction- Broken garage door opener, hot water tank, furnace, or appliance requiring a repair man and possible replacement- Need to replace carpets or re-paint the entire unit and it's not covered completely by damage deposits.- HOA fees and taxes continue to go up every year but may not be possible to increase the rents due to market forces.If you have a good W2 job and you can hang on for 15 years and cover these situations I would actually say you should keep the place!    

amazing way to build up primary residence tax free equity, with minimal downI would say that cashing out CO is the best option:  the market is so hot, and equity is no good just sitting around, might as well use it, especially in a place like Troy or Albany where there are tons of reasonably price properties... and cash is king, especially if you want to try the BRRRR strategy on your elbow grease!  

@Deanna McCormickn, Wiring, ducts and conduits, plumbing stub outs and framing studs were in place, permitted, and inspected prior to his moving in (I had replaced the entire HVAC, ducts and hot water heater).

Especially in a "hot market."

I live south of Boston but my particular area is a little too hot for me right now so I've been looking at other areas.

I checked under the trailer this past summer, the furnace works, has w/d hoop ups, hot water heater installed a couple years ago and has a solid roof.

Doing some rehab is generally one of the more common ways to do so.One other item to add, when analyzing a property in a hot market, looking at cash flow and cash-on-cash return alone doesn't give you a good picture.

I would suggest his agent call the BRE hot line and discuss it with them..