Our market is very micro and can vary greatly street by street.

Different PM's manage varying asset classes and sizes.

I know this relies more on the appreciation but if the properties cash flow with out needing repairs it could be a good idea?

You have to make sure you can do as much due diligence as you would if you were local - you'll just have to rely on your team to be there in person.Good luckLarry

Communities in Dayton can vary greatly and the school system in the city is not very good. you can PM me and I will be happy to discuss Options.

If your definition of C varies from mine (ie I wouldn't feel safe walking in myself) that number could vary to the point I might not touch it.

I'm not sure if rules vary from state to state but I am located in Iowa.Background:  I own a house that I purchased as a long-term rental however my tenants love the house so much that they are begging to buy it.  

But remember I'm in a totally different geographic area than you so material and labor can vary.

;)    One of my goals for our local community is to develop a strong network of individuals so that we can learn both what to do and what not to do; to develop a working list of professionals that we know we can rely on for both their expertise and trustworthiness.

Most licensed individuals don't find the commission on a $30k property worth the time and effort to show and market it, so that property can be sold using the wholesale model (which is basically brokerage, but skirts the RE license laws by utilizing contract law).If a property was worth more than say $100k (certainly this varies, but just as an example) it is probably just as effective to sell it through a traditional brokerage.