So an identical neighborhood (income, crime, school quality, etc.) can cost you as much as a $100k less on the South side simply because your neighbors are brown or black as opposed to white.this right here is the gem advice.  

Am I more likely to be able to add $50k or $100k of value above cost in a high Cost RE market or a low cost RE market?  

2- if there is a “problem” Will the “solution” discussed solve it in a cost effective, consumer accepted way?

They have carrying costs.

Account for the cost. 

Since we aren't in that state it would cost more because we can't physically be there to track projects, network for contractors etc.

Originally posted by @Eddie Torres:@Natalie Kolodij Standard or foreign LLCs in California still cost $800 annually unfortunately.  

Upon BP member recommendations, my husband got his real estate license which now helps increase our access and decrease our transaction costs.

This strategy can be particularly effective for investors like yourself looking to manage and expand their holdings efficiently.

It could be anything... a mistake in estimating, a cost overrun, or something like the place burns down and the insurance wasn't properly taken out, or theft (of the money outright) or theft of materials along the way.