I usually buy huge project houses so the amount of work in not an issue.Would like to hear about your experiences or suggestions. 

(back on topic)so im on google maps "driving around" and i can see the abandoned houses and ones that look vacant, i zoom in to get the address of these properties and again search the owners and boom, its usually someone in a different state or part of town, and boom.

Just in case you don't know,  right of redemption means that the owner that was foreclosed on has a certain period of time usually a year to come back and claim the property, which almost never happens but there is a possibility for them to do so.

I usually look at the age of the roof, hot water heater,  furnace, etc.

I'm looking at a deal that is in an A or maybe even A+ area, and wonder if it needs to be stressed to a greater degree than the usual C class deals, or stressed less because its such a good location.  

We usually act as out own GC so I figured we'd have to do it on this job, too, but life would be so much easier if I could have someone handle it for $150/ sq ft. 

But so long as it doesn't devolve into negative cash flow, AND the funds are for MORE wisely bought cash flowing / added equity potential properties - why not? 

A smart investor will usually try to create multiple streams of income.

The market dictates everything, including the rehab...but especially it decides, before you start lookingat properties, what market to invest in...or more important, which markets to NOT invest in.Once you find the right market(s), then you need to find the micromarkets within that market...and there are usually many.

Does it vary or is it usually a set amount, such as four months per investment property?