Was this SLC proper or any of the surrounding regions? 

The property size/type and the geographic region that you're looking for deals in will definitely limit your deal flow. 

So if we can get a good price on this first one, it's a good investment move regardless of if we go through a correction.I'm not expecting a crash, but regional corrections and the occasional crash will happen.

This will vary based on region but in general 2 – 5 points, 11% - 14% APR (meaning this is the annual rate so divide it by 12 to get the monthly interest amount), and documents fees can be from $600 – $1,900.

But on the refi she put the several HUNDRED THOUSAND of her initial investment back in her pocket and ready to invest in another property.There’s a real sweet spot in demand right now for efficiency units and 1 bedrooms around $1,200 a month, literally anywhere in the region.

If it is market value and he won't negotiate on the issues then I would move on.To rewire a place would probably be in the 15k range but that is hard to say as regional costs vary a lot.Also, you should be able to take advantage of the FHA 3% down financing if you owner occupy.

And to Mike's point, it varies by region: TX for example issued 126,000 new building permits this year (while the market was still running on 3% interest rates), meanwhile Wisconsin only 6,000.

That's even a bit harder for underwriters, as I've experienced first-hand.As well, I wonder sometimes if it's unfamiliarity with a region that makes lenders hesitant on rural properties.

@Scott Trench I would suggest to add a feature where people actually ask for these things, and also even segment it by region which will be even better and organized too.

Close to Casino maybe?