This goes to show the opportunities in even the most unknown (well, per se) areas.

============================So it was accepted, we paid a deposit, sent a signed lease, then the landlord backed out of the deal for some unknown reason.

Harder to sell.6.Talk to the neighbors about the history of the property to uncover anything that is unknown to the realtor.7.Find out how much the HOA dues are and make sure you figure in that number.8.Make sure you have sufficient cash or hard money financing lined up to complete the purchase and the repairs.

There are too many unknown variables for an outsider to render a profitability opinion on this.

Lots of unknowns.

Also, appreciation is great but we usually advise buyers to proceed with caution when buying for appreciation since this is an unknown.

I already have the strategy in place as far as funding is concerned.Since I'm virtually unknown & this is my first buy & hold I wanted to garner direct experience from members based on their personal experiences.Thanks again!

The big unknown is if the banks will implement this on the majority of their cases, and how quickly they follow up.

I have my license, but it is not currently sponsored under a broker due to the low housing inventory (I didn't see an opportunity for profit yet.)What are some commonly unknown resources that I may leverage to help with this process?

There are several unknowns that you can not control (politics, neighbors objections, etc).