Potentially an environmental consultant may have to get involved?

The property is rural so cost of utilities and development may be higher, but on the flip side there is currently no competition, extreme demand and very few other properties that could potentially compete in the future.

Explore options like renting the property as-is at a lower rate, investing in repairs for higher rent and better tenants, or selling if repairs are extensive and tenant hassles outweigh potential returns.

Sellers can benefit from a potentially higher sale price and interest income.this simply is not correct.. 

A thorough evaluation will help you identify potential risks and make informed decisions about whether a property is worth investing in.Here are some key factors to consider when evaluating a distressed property:Location: Location is one of the most important factors in real estate, and it's no different when it comes to distressed properties.

❌ Stop dividing the NOI by a cap rate to find the value of a deal.When I come across a potential deal, that's the last thing I do.

Also, thoughts on potentially investing abroad first vs the tri-state area (where house prices have skyrocketed)?

The landlord said that its not zoned for business and that would raise flags with the IRS and i could potentially get audited. keep in mind that i have a consulting business. is there some truth to this because i do have a home office at the house as well. the rent is 1600 per month. that 1600 per month and utilities wouldn't be a tax write off to my LLC?

My investment sights are set on the scenic Hudson and Housatonic Valleys, where I see tremendous growth and community development potential.💫 My immediate goal is to purchase my first rental property within a year.

Hi Luis,It sounds like the larger property would cash flow around the same percentage range but the appreciation potential likely higher for the 750k property.