If you have MLS access cross reference that with reliable real estate data (news articles, studies, government agencies) to find where the hot areas are.I'd say it all comes down to knowing your market and your audience.

$20k repair cost I think is the variable to study.

I did some quick research on Airbnb and discovered similar houses go for $250 to $350 per night depending how close they are to the air show and if they are on the near by lake.My questions are:1.)

I have studied finance on my own accord for 6 years and have recently gotten into the business aspect of things.

for two years I've been studying real estate investing and it's gotten me no where.

What I would look forward to most in REI would be developing conjoined lateral income and retirement planning for my wife and I, along with the potential to fund my children's needs in the future (their pursuance of collegiate studies).

This was before I started seriously looking into real estate investing, and before I discovered BP and started learning about all the different investment strategies out there and guidelines that determine if an investment is good or not.

Here are the major pointers I have discovered.  

A study completed by Firepaw org shows that having tenants in your property can actually increase your revenue.Unfortunately everyday more landlords are learning that canine liability is no longer covered under current insurance policies.

Discovered that house was abandoned as well.