I am in Atl Highlands, Highlands overall is good for both, but summer rentals are def hot

Often times the best cashflowing properties are in slower appreciating areas, while the hot appreciating areas are tough to find cashflow.

In fact, things like smaller stoves & water heaters are more expensive than full-sized if you need them.2.

Stuff is just now coming down off it’s super hot and everything selling at all time highs.. market is still strong, just not “back to school strong” as not everyone is trying to move before school starts any longer.Neighborhoods are 50ish years old and there’s huge difference between just houses next door sometimes, neighborhoods also prone to sewer leaks under the slab.

NOT MUCH.. but it does keep from having call backs and if there is a water landing they know they have insurance.. at the end of 10 years our builder warranty is up.. and then on top of that I Pay 30k up front for a project policy that covers all the houses in that particular community for 10 years as well.. this is for 1 mil and basically its used to hire attorneys if we get sued for builder defect.so in essence on a new build we are paying on the 25 house communities we built the last two years total of 50 homes.. about 110k in insurance to cover us for 10 years.. the issue is the subs get sued first then the GC then me the developer  but subs being subs 6 years from now they are out of business or moved on so then its the GC's insurance then us.. 

Water/sewer alone are eating up $500 per month, which makes all the difference.Any input on the numbers and what you might consider doing would be appreciated. 

The roof structure was caving in, the dormer was not put in right and showed signs of leaking, floors where very oft needing a complete replacement, furnace and water heater was under water and now needs to be replaced, the downstairs basement had signs of mold.The positive side of things was the lot, the lot was very large.So my question to the community is(1) Is this normal in foreclosure property?

if those are lots in a major metro area with a ton of new construction and infill.like Portland or Charleston or charlotte or other really really hot markets.. this would be as simple as sending it to local builders which are the ONLY buyers.if its rural not much activity it takes a lot of time sometimes years to sell vacant land.and given the fact that there is a pressing family need..

I'm interested In some less hot, but high rent markets like Chicago and some New Jersey Cities.

Nashville is growing so fast and the market is “hot”.