Edmonton Alberta CanadaI am very new to real estate and am currently renting a property through a property management  company .After doing some market research I have discovered the neighborhood I reside is rising in...

I was actually surprised by a few of these properties and a quick sales comp suggest there is money to be made with little risk.

If there is any paper trail whatsoever, to be safe, you should not just take it without confirming its considered abandoned.

@Daniel BanksAs someone well experienced with flipping properties in the area, 70-75% is fine for your numbers.Obviously you want to start at 65% or so (or basically get the property for as cheap as you can) but 75% is probably a safe ceiling for determining your MAO in the Sacramento market.More importantly, if you're new you better be damn sure of your ARV.

I'll give a quick background of where I'm at, where I'm hoping to go and ask how do you recommend I get there.Where I'm at:Currently, I own my personal property (have 248k left on a 272k note).

Great rental potential as well, as average rents for the area are going in the 1600-1900 range.I mostly wanted to know if it was a good idea to put in the renovations to bring the house up to a higher level as the market for the neighborhood can hold it and houses are selling there quite quickly.

Is this legal under DF and SAFE?   

People are quick to criticize for "Paralysis of Analysis "  However few understand it. 

I would guess that the short term future will continue to be a Fix and Flip for homes or a quick flip. 

At least for now, I'll stick to what I know, my own backyard.I've based my focus in East Hartford, Manchester, Willimantic, Mansfield, and of course Glastonbury... though you gotta be quick, lucky, or both to find a deal in my hometown. :)