With the money and academics potentially pouring into RPI and Troy, NY — Do you think these markets will actually explode in the next 20 years?

I was going to use this home as my primary residence and do the 203K loan to build a ton of equity How did you find this deal and how did you negotiate it?

This is a great place to learn and to connect with people so take advantage of all the great resources.

The rent is guaranteed by other tenants, the regional chapter or the state will pay the rent.I've tried to Google and figure out what sobriety program this is.

Kinda think this is an ad and should be under the Classifieds forum.Let's see what the Moderators say...

This will allow you to take advantage of the Section 121 exclusion and you could do a 1031 exchange into the new property.

Who knew about the condition of the wiring inside those old walls?

There is no given answer here, because the whole property needs to be relatively consistent.Kitchens and baths are the common answer, but if they are passable and you choose to invest in them anyways at the expense of peeling paint (or off putting exterior color) and overgrown landscaping, the appraiser and tenant will be walking up with a bad taste in their mouth, thereby not valuing the interior work you have done.But think about the general flow of someone looking to rent: more bedrooms will typically dictate more rent.  

-therefore, there won't be any net 'cash flow to cover rent' for years.to be clear, i say this not to say "don't invest out of state." investing out of state is fine. 

Part of it is due to a personal family issue, but part of it is due to the high prices and rates.