I think that's the biggest question... and yes, you can find renters to live in a place that won't well, so a property like yours may not sell for market value, but it could rent for market value.

We are in Haines City Florida, but don't mind traveling.

Some told me that they don't loan in that city and others told me the value was to low.

Search online, I'm sure they're some in every city.

hello my name is arnel, I'm new in real estate investing and I'm doing wholesaling in my city, I'm looking for buyers in my city.

Perhaps the biggest reason of all: Housing pricing have been on the decline for 8 years (national averages) and many would-be buyers are afraid that prices are going to continue moving down.

I hope to hear from some folks as I am so nervous to do this especially in a new city.

the numbers are as follows:purchase price: $ 25,000rehab costs:      $   5000closing costs     $   3000ARV                   $ 60,000 ( professional appraisal)projected profit              $32,000I have purchased several houses in this city and currently own 2 right in this neighborhood, in fact, one right on this same street. the code enforcement officer in this city and i are literally on a first name basis and he has never, ever set foot inside any of my rehab projects because, in his words, " i trust your work". i feel greatly confident in my knowledge of this neighborhood and its ability to sell quickly. 

We have had some flips in the city before! 

West Des Moines and Des Moines are the greatest cities on the planet :).