Sorry for the exceptionally long post...hoping some of it was helpful to you and others.TJTim,A good friend of mine and investor is not only a big owner in Berkeley, but he's also one of the largest owners of land around UC Merced. 

But condos typically carry with them the largest HOA fees out of the three property types, which can make these investments more costly than they initially let on (more on this later).

We have seen some of the largest growth over the last few years.Feel free to send me a message if you have any questions.

Garrett Rhoads - Keller Williams - His Linkedin - Garrett is the president of the Lehigh Valley real estate club and used to be one of the largest wholesalers in the area.

I think the distinction between what kind of guests use which platform is eroding slowly, but it seems to me there is still a difference.

So in this example, you'll pay:$28,500 x 12.4% = $3534 Social Security Tax$50,000 x 2.9% = $1450 Medicare TaxDepreciation is not a consideration when flipping and the profits are most certainly taxable.The IRS sees no distinction between buying a house, fixing it up and selling it as compared to buying a bunch of widgets, assembling them into a final product and selling it.  

 - review the borrower (1003, w-2, credit score)- pay history-verify the taxes and value of the houseThere is so much to go over on the DD portion, it is the largest section in our course we teach.A little on what to expect on pricing- selling notes on a one off basis like this, expect investors to want 12-18% yields, but they will also calculate their offer prices based on the value of the asset and the LTV.  

Overall, the town is hurting quite a bit right now though since the oil companies are the largest tax payers int the county, and maybe even the state.   

It's fairly commonly-held knowledge that New York is the largest city by population in the U.S. followed by Los Angeles and Chicago.

There are plenty of areas in DC that make good investments, each with their distinct pluses and minuses.