Of course having the home Truly renovated is a must as well IE new roof  mechanicals plumbing electrical windows and waste line.. if you have those you have a unit that will not eat you alive.so if does not matter if you buy then all in one market. and its probably eaiser .. if you need to go there its one trip.. one tax return etc etc.

How much emphasis should one put on the age of the property.

I am anxious to get Real Estate Investment at the forefront of my career; I am currently an engineer with a Mechanical Engineering background, but I am ready for a career change out of the corporate world. 

This will provide a mechanism whereby you can control the funds and invest the plan capital into real estate.When you do this, the retirement plan (IRA or 401k) is the property owner.  

For example, if you need to get a new roof in 5 years $4300 is probably not going to be enough and same goes for any mechanicals that may possibly be near or at end-of-life.On a different note, this all depends on your strategy, but from my opinion $300k is high price point for a rental in this area.

where I received degrees in Mechanical Engineering and Industrial Management.

Watch the video and it's almost upbeat: emphasis on a mild correction, not a crash, and mostly pointing out the good aspects of the market.

However, absent a mechanism to record such receipt, a three-day delivery period is assumed, meaning that the lender must send out the forms at least six days ahead of the closing.Revised forms will have to be sent out when there is: An APR Increase greater than 1/8 percentA change in the loan, such as fixed rate to adjustableA pre-payment penalty added after the initial disclosurePros The new forms should be easier to understand, convey new information and won't be so overwhelming.Borrowers will have more time to read the documents and ask questions.Borrowers taking an adjustable-rate, balloon or interest-only loan will see best- and worst-case examples disclosing how the payments and rate could change over the loan period.Borrowers are protected from material, undisclosed last-minute changes to the deal.Closings dates may be pushed back.

We also are in process for a studio condo we got on there, the title stuff especially using their title company requires a bit of work, even if it is the best in the area, since title is the holy grail, we're just keeping that line of communication open good relations with the title company, we have some time before the EMD to make sure the title insurance will have coverage for liens on that liens exceptions list from auction.com"Most liens are removed after a foreclosure property sale, but certain liens may remain.Here are some examples:Any lien recorded on title prior in time to the foreclosing mortgage.First Mortgage (if the foreclosing mortgage is a second or third mortgage)HOA or COA assessment liens (in certain states)Mechanic’s Liens (in some states)Government liens such as state and federal tax liens, city or county liens, US Government liens.IRS liens (IRS may buy the property within 120 days after sale at the price paid at foreclosure sale)Code Enforcement Liens, Environmental Liens, and Utility LiensChild Support Liens"There are a few folks that have gone through them time and time again.

I am typing up a Mechanic's Lien Release to be used when completing my rehabs (in Virginia) and making the final payment to my contractor.