The job market is stable and with all of the wine tourism and influx of people we are seeing an up trend in our job numbers not huge (as our town's population isn't big) but good for a small town. 

Hoping to hear from others on a few of my options for the partially updated unit (radiator heat was replaced by ductless AC and new stainless fridge+stove/oven).A few improvement ideas in mind:- Add a dishwasher (requires replacing older, painted cabinets)- Replace existing granite kitchen countertop (cheaply installed w/ misaligned seams and rough cuts, traditional in style clashes with rest of home)- Plumb in-unit laundry hookups (requires sacrificing kitchen pantry closet.

Where you need to be careful is if your market is tied to some microeconomics trend that would cause downward pressure on housing prices, like one industry or employer town where that employer or industry is shrinking and demand for housing is decreasing.

With the average rent being listed as $888 for the city of Lubbock, that leads me to believe that the "decrease" on paper is due to the large influx of student properties having rent listed by the bed as opposed to by the unit which is very common with the large resort-style properties. 

Purchase price: $522,250 Cash invested: $233,200 14 boutique style hotel rooms, bar and restaurant, Live Performance Venue, Pool and Gift shop.

IE you buy the area 1st, the street 2nd, the house style 3rd, the condition of THIS house 4th. 

Assuming it trends downward a little would you do this deal knowing rehab will take 4 months and by the time you get approved for the variance and meet with the board it could be another 3 months meaning total time spent on this project could be 7 to 8 months before you could resell it for profit?

You know the sales trends and which areas inside the market are better than others.

Lots of available styles now. 

You need to know the two different types of turnkeys and which one best suits your style of investing.