Florida instead of somewhere else, like Dallas, where I am from and have contacts and can get a leg up on this industry with my connections.

I'm located in Orange County but am investing in the IE. 

I'm currently working as an appraiser for commercial real estate at CBRE. I'm looking to get my beak wet in the flipping business here in OC. I've read a few of the books on the subject but have no practical experienc...

You have a pond with red fish blue fish grey fish orange fish, and you selectively only pick redfish and then conclude, that the point only has redfish.What you should do is throw a net, and see what you get.What you should do is ask 1000 RANDOM people that do all these strategies and then ask them how many of them do REPEAT deals doing these strategies.Even if you just asked 1000 random people if they got a deal, never mind "repeat deals" the number would still be extremely low.THAT would be a fair assessment of the strategies right?

I just started investing as well and am from the Orange County area.

Hi Bigger Pockets,I have quite a few rental properties in Orange County, CA.

From there, we would add the POH shell value (what could they quickly be sold for cash for to a buyer) and the home values to it to determine a fair price for the total property.Now I feel the most important question before you even do the leg work to find out what the shell values & homes values would be is asking yourself two questions.

The rules in Orange County also lead to a limited supply of vacation rentals. 

But at some point, I'm all about things being "reasonable".Now if that 10 year carpet was on its last legs and it got tore up, I wouldn't see a reason to charge the tenant any way.  

For Essex County, same concept, try the Oranges or parts of Newark-just watch out for high taxes there.