Especially the high-end areas are very beautiful.This leads us (investors) to find creative solutions and value adding features to the properties.

It’s the capital with lots of state jobs and state, ahem, “supporting” jobs and companies so everything is mean reverting including unemployment (good), property values (bad for REI), economic busts (good), economic booms (bad), cost of living (good).In fact, maybe the greatest feature of SC PA is that it’s Metropolitan but still mostly suburban and the COL is low enough that you can escape a dozen weeks a year to other places like Hilton Head, Vail and Wailea.

In general, you'll have to deal with zoning issues, site planning issues, utility issues, infrastructure, design and architecture, stormwater management, etcetera.

Overall, don't buy a property in a warzone (bad trailer park) and/or don't buy a property more then 3 bed 2 bath 1,500-2000 sqft with lots of features.

I have some craftsmen skills and my wife has great design ideas.

The site allows you to search by state and area for professional property managers, who are experienced, educated and hold special designations for property management; look for MPM or RMP designations Good luck on the change, sometimes change is good 

It's all about lifestyle design.

It is designed to be a home that you vacation/travel to from time to time but one that you don't rent out full time.  

I am sure I can figure out how to manage the HOAs, but is there additional qualifications or designations other than having a real estate brokerage?

Quick and easy renovations can be enough to bump up your home's value without too many construction or design costs cutting into your profit margin.You should also keep in mind that a hot seller's market means less financial risk for house flippers given the lower likelihood of being unable to resell the home.ForeclosuresWith the ability to buy low and potentially make a big profit upon reselling, foreclosures are the types of homes that are enticing to many real estate flippers.Since the Austin real estate market is extremely hot, finding a foreclosed home to flip may be tough, but it can be done.