However, there is a specific deal Which I find hard to understand the ARV for.It is a Single Family Home, 2 Bedroom 1 Bathroom, 850 SQFT.These two comps have a price gap I find hard to understand, even when considering the difference in renovation level.If anyone knows this market well enough to understand the cause of this difference, and if it might be due to an issue with the location, or if there is anything I am missing.Comp 1 - 1011 Elm Street, Burlington, NC, 27217 (120K)Comp 2 - 1109 Walnut Street, Burlington, NC, 27217 (120K)Comp 3 - 1505 N Park Ave, Burlington, NC, 27217 (180K)Thank you!

While I love upstate New York, I get the opinion that most people are here because of work or family and would rather live somewhere warmer.   

It’s also worth considering a multi-family property for your first deal since it can help with cash flow.

These areas are experiencing significant development and population growth, driven by families and professionals seeking more affordable housing while staying close to the job hubs in Plano, Frisco, and even parts of North Dallas.

A cheap place to get to and stay, with good weather and plenty to do, especially for spouses/family that may be less interested in real estate. 

So if the house is worth 300k and you owe 200k then most you could pull out would be 40k (minus costs) and it would be a second mortgage most likely which would be expensive. 7.5-9.5% likely.But, you can put as little as 15% down for a conventional loan on a single family.

I also would like to reduce the audit risk due to large bonus depreciation. 

This is for a 3 bed/2 bath single family rental home.All input would be appreciated! 

No Personal Use: You or family members cannot live in or personally use the property.2.

Investment Info:Single-family residence fix & flip investment.