Most people including myself are very against it here. 

If you look at cities that are growing, such as Jacksonville, Nashville, Tampa, Dallas, and our favourite - Phoenix you will find great deals in C/B areas that have great cashflow and will also appreciate.Expect to pay more than 39k (also remember to include the exchange of 30%) but a lot less than $300k like that property in Peterborough you mentioned.

If I'm working with my leases, I do an amendment to the lease addressing any changes including new rent, who pays utilities, additional fees, etc. 

These enhancements included a range of updates and repairs to modernize the home, improve functionality, and enhance aesthetic appeal, making it competitive in the local real estate market.Holding Costs: Throughout the renovation and sale process, holding costs amounted to $5,000.

So my current buy box for fix and flips:Location: Richmond, VAProperty Type: Single familyPurchase Price Range: 50k - 200k Est Net Profit: 10-20kRenovation Type: Cosmetic or alittle more.Holding Period: 6 months or less.I would love to have a call and get any advice on how to make it more flexible or robust when presenting to agents or referrals. 

I live 2 hours away but our son who lives only an hour away, drove there Sun night to find that some stuff had been moved but there was a ton of stuff all over the outside, lots of stuff still inside and the tenant not present.

You can take an "A" neighborhood asset in most locations and fail the 1% rule but these assets will outperform on a cap rate basis a "C" location asset that "passes" the 1% test  if the analysis is not so narrow minded and includes actual expenses, cap ex and vacancy. 

Preamble - identifies Lessor (property) and Lessee (laundry vendor) - includes date of execution & lessor description and address, A typical lease will include number of apt. units and identifies number of units with connections (if applicable) - keep in mind that if you have in-unit connections for washes and dryers you present competition for the laundry room resulting in possibly reduced usage and reduced revenue.

I'd like to add Indianapolis, Indiana, to the list and share why I believe it presents a compelling opportunity for investors this year, although I assume they are in alignment with some of the reasons to invest in the other midwest markets you mentioned.The entry price for homes in Indianapolis is relatively affordable (at an average sale price of $231k).

No, the vast majority of business's, including service business, start-up's do NOT clear profit day, month, quarter, year 1.