I have built a home in Maryland, and after listening to so many podcasts I am interested in investing in multi family homes less than 6 units. 

In my area, there are lots of homes built in the 1900-1960's. 

Just keep buying rinse and repeat because here in Arizona by the year 2020 minimum wage to be $12.50 an hour and Mi Mi popped off by the marijuana law might pass in the state there is a bipartisan Ballot for 2018 we could see happen what happened in Colorado and also if you didn't know between the Interstate10 and the Interstate 8 going to Casa grande a huge theme park the size of Disney World is being built .

Hello Who here recommends a town or city in Michigan that is up and coming, with cheap buy in and good potential for flips and appreciation?  

Very little legal protection for either of you in the event that one of you skips town.

Owner is out of town.

Folks like me who grew up in the country but are stuck in town due to high farmland prices.

My mom is selling her home and I am considering becoming the buyer for two reasons: 1) She would sell it to me at a much lower price than another buyer. 2) I can see how I can take it and turn it into a profitable cash flow property.Let me explain: It's an old 1 family home that is very small BUT the lot is big enough to completely demolish the current home and build a house that can easily have 4-5 One Bedroom Apartments which can go for $1,300-1,500/ mo. in the town where the house is located. 

of course this is where a developer comes to play .. and since I am a small time one.I can tell you that in markets that are robust.. land is a premium.. if it has to be subdivided and infrastructure built there is a small segment that can do those and have the means to get financing very tough..  

Being out of town buyers and this being our first deal is a real hurdle.