Welcome Brandon - I have properties here in the wyoming valley.I am a native to the area.Scranton has many hoops to jump as an investor - esp. an out of the area investor.One is you'd have to hire a property manager if you do not live in the city of Scranton or within 20 miles of the city.Real estate taxes are high -that plus the current interest rate and ask prices makes cash flow an issue.You can find "deals" but please do your due diligence.Here is an example of a potential deal I am evaluating in the hill section of the city: 20 y/o, 2000 sq ft. 3b/3bath TH - Needs paint, new carpeting, and general wear and tear repairs after a 4 year tenant.

Get perm loan, cash flow.

Secure contracts with sellers at lower market pricing, then connect with cash purchasers eager to pay more, earning from the difference.

.- Understand the areas that are most in demand for renters are likely the areas where owner occupants begin to push purchase prices to the point where the property barely cash flows as an investment at first.

Whether that will be cashing out of the Colorado market at that point and re investing in a better cash flow market or maybe we will be able to make it in Colorado.

Of course, it's a bad time for cash-out refi so HELOC is better now.

We would have a positive cash flow of 150-200$ after property taxes and property management fee.

Purchase price: $212,000 Cash invested: $25,000 3 bed 2.5 bath townhouse 1 mile from Augusta National (Masters Golf Tournament).

As a lender, we require flood insurance if the property is in a flood zone, which can eat into your cash flow if you want to hold the deal. 

Can I get cash via escrow(they pay advance) and buy coverage later on with $600?