That being said there are also bad deals in any area, here included.I would run your numbers based on historical data from airbnb - pretty easy to check on airdna or even just going in the airbnb app and seeing not only what nightly rates look like for certain properties but what their occupancy is - from there you can estimate monthly revenue with a reasonable degree of accuracy and see if that lines up with your targeted returns.

Because of another deal I am financing I dont have the cash on hand to do the deal and while I have the equity to do a HELOC, I do not want to apply for the Heloc until my current deals funds. 

If you find some of these, share the cash flow from the property, you can be in the deals $0, personally.  

The stadium deal downtown is also going to transform the city in ways us locals can't yet comprehend. 

Unless it is a great deal, no hurry for now.

The lender will often cause the loan to be called and squelch the deal.

Quote from @Kieran Dowling: @Chris SeveneyThey did not support the wall correctly and i am going to get basement jacks as well as hire a structural engineer to asses and tell me the long term solution.As far as the sewer line repair,  comps are around 250K,  I am purcashing the house for 85K, i have budgeted 135K so far(without this repair)  I  have a total of 150K renovation budget. this is not a deal at all

In 1803, Thomas Jefferson negotiated a deal with Napoleon Bonaparte that effectively doubled the size of this young nation.One might even say President Jefferson was the original distressed real estate investor.

over the past 7 years I’ve had dealt with countless of bad contractors, several incidents with occupants of the neighborhood that the property is in ( once I walked in on squatters and got into a physical confrontation) , and of course the relentless pursuit of hungry investors calling me and any family member that tracing programs associates with me about wanting to buy my property all while dealing with a career/industry change and finishing college during a pandemic 😮‍💨.so here I am recent graduate ready to finally devote the majority of my focus to getting over my newbie investor hill.

There haven't been any decent VA deals lately in my area.