These are two small homes in the Southeast (on two different properties, but a package deal), about 800 square foot each.

We live exactly one mile from the beach, trader Joe's and a bunch of other stores in the surrounding area, gym, Michael's, new whole foods ECT that we can walk too...

A few miles in different directions of where I invest might be higher cap rate but also bring higher headaches with turnover, crime, etc. 

I was already living and working about 2000 miles away. 

(Last six moths/with-in a mile)Trying to get a budget to 150-170 full remodel 203k loan financing so can’t really DIY or Hire off books- LocationOrange County NY

Originally posted by @Miles Kirkpatrick:I'm considering buying deeded parking spots in a large condo building via auction and I'm concerned about my exit strategy.

duplex in Philly price is 265k 2/2 and 1 bath each unit, unfinished basement. property tax 3k, current tenant been there 15 yrs paying 750 a month 2nd tenant month to month paying 850. there are only 2 duplexes in the whole area for about 1.5 miles in each way. the duplex next door (same building both connected) sold for 295k 10k over ask. it was the same layout same everything but has been rehabbedmarket rent is 1100 to 1200 for 2beds, very safe area. the one I'm sending an offer too has not been updated is sold as in condition. it's not bad inside from what I see its more cosmetic work. with 10% down is 31k downpayment and 1553 a month, 15% down is 44.5k downpayment and 1486 a month.

No rule says I can't do the mortgages of neighbors.Hell, I had one where a married woman bought a house a half mile away from her family home.

The beauty of this purchase...It'll be rezoned😎Miles and Sebastian ~ Red Bull🏆 nn.

It costs a fortune to bring phone and electric onto raw land when there is not a power post for several miles and then you have to get surveyors, draw maps, get engineers to work out grading details, draw blueprints and that is why so many people buy raw land and it ends up at auctions.I am sure there are houses being auctioned, but it is strange that the houses are not on their list of properties that sold in the past.