:D

They seemed to think that I could go climb a pole and repair the transformer or something......

The neighborhoods in each market will be very nuanced from A all the way to C-/D.

Let me know if you'd like more info :D 

Originally posted by @Rico D Williams:what are some of the common pratfalls one can fall prey to when flipping their first home?

@John D.

Originally posted by @Jason D.

We only had to turn the basement entertainment area into a kitchen/dining space, add a laundry closet with W/D, and finish the 2nd bedroom.

@Chris Seveney & @Eric Krikke: I agree that typically it's true that C (and even D) class assets will have higher expenses and weaker appreciation, but it's also typically true that they cashflow at a higher rate per invested dollar. 

if it's an A or B area, it's a lot more likely you can fix these problems...if it's C (or especially D) or lower, it's a lot less likely you can fix the problems (unless the neighborhood improves dramatically).One other consideration:Do you have prior experience managing OOS PMs and managing a property?