It it more or less based on town appraisals and sales, however, property condition is not factored.

You just need to make sure you factor the costs of borrowing the money from a hard lender into your formula so all of your numbers work.Transactional funding comes from companies who typically will fund a deal for one day.

As a newbie, how can you factor in these expenses to see whether you cash flow is positive?

States with non-judicial foreclosure processes have had remarkable success in clearing out the inventory of distressed properties, which is one of the factors driving the housing rebound in states like California and Arizona."

The price range will be a factor along with competition in the area.

My best property for return and low headache factor is a newer larger property right on the edge of the low income area in a quiet pocket with great access, so it can attract better quality tenants.

I would do more research on the ARV and see if there are any other factors that may affect value.

The make or break factor will be your property management team.

Owning your vacation home can take a lot of the relaxation factor away from your vacations.5.

Some people only want new properties in nicer areas to lessen the headache factor others are willing to chase higher returns by getting cheaper properties.