For investing it should be what you are comfortable with at any stage of your life.

Look for the ones staged for showings or new hardwoods, updated kitchens, updated bathrooms, etc.

I'm here because I stumbled onto BiggerPockets.com somehow, the light bulb came on and I realized for the first time that there was a real path toward what I wanted to do and a community full of other people in various stages of doing the same kinds of things. 

Want to find a contractor now while in the early stages home search.

Me and a team 3 others are in the early stages of our first development project. 

I did 95% of the rehab and I'm really thankful i took a chance on myself and have the confidence to go through the entire process while getting a first hand education on all the stages from trying to get a HELOC for financing, buying the property and holding costs, the rehab process and dealing with the city, selling and all the fees/taxes associated.What made you interested in investing in this type of deal?

More than words and descriptions, photos take center stage.

You will want to get an attorney to handle drawing up contracts etc. once you get to that stage.

The price on the building is very cheap, but that is because the building also includes a large lobby area and a full auditorium (1,000+ people) with stage/lights that might be hard to lease.

Note, it has also been quite some time since I was in college, so hard to remember what I would put up with at that stage of life.If you are going by the 1% rule (not the best measure in reality, but can give you some guidance) your ARV will be $200,000.