I would take it a step further if you can and join a Mastermind group, cost is fairly low, but you get so much knowledge and meet so many investors that are doing all sorts of deals.

Property is cheap and the numbers look good on paper, but I think reality hits a lot of people like a sledgehammer with turnover costs, vacancies, problematic renters, maintenance, etc.

Below is my high level numbers -Property cost: 500k - 600k, Rehab cost - 100k - 150k, so total project cost: 600k - 750k.Please let me know your thoughts. 

Appreciation there is low, rents are low, and assuming maintenance as a fixed cost (for example, a hot water heater costs $450 from Lowes in Allentown, $450 from Lowes in Scranton, installation takes the same time, and labor costs aren't all that different), the ROI isn't great.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I’m seeing low cost properties but in pretty rural areas.

My general assessments (this year) so far are, most HOAs are not rental investor friendly or have too many restrictions, costs etc. - way too may issues renting, updates, policies, rules, repairs etc.

Otherwise it's gonna be a costly HOA fee increase for us owners.Thanks!

You get grandfathered into the codes that were in place at the time, you get the old setbacks, you don't pay an architect, engineer, city and permit fees, plan check costs, school fees and other costs that will not come with an existing house.Not saying that you can't build new for less than a remodel, but not usually when you add in all the costs above. 

Many investors are building as they can do that more cost effectively than buying under the current market conditions.