Considering the neighborhood and size of the house - the two most important factors in the ultimate value of the house - and using comps and my knowledge of the local market, I figure out a "drop-dead" offer, a likely offer, and a "fire sale" offer.

I urge you to consider all factors before making an informed decision.

There are so many factors, including the skill set needed and the personal inclination of the investor.  

This is due to a few factors, one is the college (VCU) students have their parents come in and buy up the Duplex’s and Triplexes paying too much and driving up the price.

I was curious, however, as to the factors that influenced your decision to invest out of the local area, especially doing flips which seems really tricky from a distance. 

I know it depends on what your goals are and other factors.

My numbers are run with an FHA loan that considers factors Is the 50% rule too conservative, or are there simply not good buys right now in Chicago.

Sure might be a few more cents but my returns on inspections are through the roof... hahaha sorry for the punIf I am concerned about Radon seek a company that not only tests but installs mitigation systems.Termite inspector, One that does inspections and treatments not one that does repairs.

What are the requirements for our renovations to be factored into our Capital Base?

Food for thought of the day....The importance of building your support team/group I have found is a critical factor in this business.