Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

By the way, how much does this cost?

A real estate agent will have access to the multiple listing service (MLS), which gives you a list of low-cost properties, such as foreclosures and short sales.Find your target marketTo find a potential house to flip, one of your first moves is to find your target market.

The cost varies from place to place but I've seen anywhere between $50-100/month, and it’s a solid investment to keep your personal home address private.Second, consider having your lawyer act as your registered agent.

The cost and time to move (even a few doors down) is not trivial.  

Developing a new major brand limited service (Hampton Inn for example) would run about 14 million in construction costs.  

In addition, get GRANULAR on which expenses/costs are tenant responsibility vs which stay with you.

The roof can last another year or so but then will cost about $20k to replace.

. $40,000 including closing cost) under my wife and my name since we will be living in 1 unit and rent the other unit out.

They may have higher insurance, maintenance, and/or property costs than you would - or maybe not, but I would double check their expenses if part of your hesitation is around the expense ratio.