Department of Housing and Urban Development.

We are a real estate developer seeking land for acquisition and development. 

If you are hiring a property manager, then you can have more freedom with the decisions you make if you feel like certain areas are a factor that you wouldn't want to deal with. 

Also it’s in a development which could lead to future ownership of other units adjacent to the property.

Since less people are into owning their own homes, developers have been building these huge complexes with just enough perks to push for rents that most locals won't pay... unless they are either older and do not want the house maintenance costs anymore, or if they are younger buy from the city where moving further out seems like a better rent.Side note: I've dubbed Long Island as the land of illegal apartments.

@Nick Santamaria There are actually a number of factors..

@Lana Lee I understand class as location, condition, and amenities (with locating being the limiting factor).  

@Kevin Jones Hey Kevin, I used to do some development and investing and now I am mostly focusing on agency.

You will never factor out all risk and the web will only prepare you so much. 

With regards to flipping, I think competition (as @Ethan Henning hit on) is going to be way more a factor than taxes in the current market environment.