I suspected that there is a large element of risk at play here by virtue of being so highly leveraged.

Play around with the Trulia tools (used to be HotPads' heat map), which has crime, rental, best schools etc. overlaid on the housing demand map. 

(for the record, the lenoir options seems cool, and i think many of us in avl have been just waiting for marshall to heat up...still don't know why it hasn't..the setup is just awesome.)in the end i finally found what i wanted (an sfr walking distance to RAD / new belgium). it was off market and likely wouldn't have been a property i could've gotten a traditional loan on--just needed tons of rehab. it fell into place by talking to the owner (an investor who was on the verge of divesting her other properties...why not this one too?)

Ended up waiting 6 months before selling the condo which was nice because the market had also heated up in that time.

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

First thing I did was reset the circuit breaker, still no hot water so I hit the red reset button on the upper element.

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

I stay away from oil heat.  

Scott)https://www.biggerpockets.com/renewsblog/2015/07/09/bp-podcast-130-ten-smart-tips-for-making-1m-flipping-houses-with-will-barnard/ (Smart tips for flips)To be more successful, you simply have to work on the other elements to progress your REI pursuit.