Hasn't been an issue for any property I've purchased."

If you are fully committed to purchasing rather than renting, I would suggest to try and get into the best area with the best schools you possibly can.

My first purchase was a lakewood duplex for 110,000 and we hard negotiated it down from 115.

Purchase price: $122,000 Cash invested: $41,000 Value after renovation $175,000.Closing $ 31,000 Renovation $ 10,000 How did you add value to the deal?

We purchased the land that we are bringing into the deal. 

Are you purchasing an investment property or 2nd home?   

Second only to fixed costs of operation which disproportionately impact the lower cost properties often leased to subsidized tenants (also rarely represented correctly on spreadsheets pre-purchase).

Good luck with the purchase!"

However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.