I’m currently operating in South Georgia market. 

Are you in the market for contracting work, or are you doing your own projects?

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Rental income is considered passive, while stock market capital gains are portfolio income, meaning passive losses from rentals can only offset other passive income, not capital gains.

Real estate agents, property managers, and contractors who specialize in your target market can save you time and money in the long run.

When I say education, I mean real education (not formal or higher education) but more like hands on business experience, sales, marketing, or agriculture as you mentioned. 

If Union City’s numbers don’t work, out-of-state rentals in more affordable markets might offer better cash flow.Good luck!

.): ~$35K (assuming 8%)Total Cost: ~$375K–$385KProjected Profit: $65K–$75K before taxesThat is a decent margin, but this being a two-year project, you need to be sure the market doesn't shift downward, and that you have a buffer for unexpected costs.3.

A frank, hopefully insightful, dive into real estate and financial markets.

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action.