I chose to invest in a strong sub market (College Station) and have been cutting my teeth on a repositioning project the last 7 months...quite the learning experience.

I'm reading that lots of new investors throw caution to the wind and end up being committed to bad deals.

Are you stating that the buyer will give the seller a "down payment", then rehab the home and commit to pay the seller over acquired market value once the development or rehab is done and the property is sold. 

I've originally been looking at primarily markets in the Midwest where i am locally, however i am now looking into central south, south eastern regions just because of more buying power and market growth.Not to say there are not strong markets in the Midwest.

Through attention to detail, a strong work ethic and always doing what is necessary for my clients and guest.

The positives are the attractive city location within a big, growing population...in a city with strong job growth within the health and education sectors, among other big employers. 

This cluster of towns seem viable because of a high concentration of colleges, state offices, quality public schools and a strong economic base.

Washington DC market is strong, location is critical!

Had a plumbing issue a couple months ago and probably overpaid to have it fixed, but if you financials and cash flow are strong you can weather a couple smaller rookie mistakes - and get to learn along the way!

I live in Austin, TX and the market here seems to be strong, but definitely overpriced too.Interesting idea about China.