I left Florida about six months ago because I felt there were too many investors chasing the properties and driving the prices up.

Remember that people are living longer which will cause larger growth to the warm weather areas if trends continue as they have been going for the last 50 years.

You'd be better driving to St.

Without your help, this site doesn't grow, the knowledgebase doesn't increase, the deal making and partnership opportunities don't exist.

There are impact fees which drive up costs, etc.My strategy in today's market would be only buy the existing duplex if you can generate positive cashflow meeting your return requirements.

Floor, paint, faucets aren't going to drive investors away.

Cluster your renovations so people driving by SEE the transformation (3 in a row better than three on different streets.

Another good aspect is this would be about a 2 minute drive from the interstate which is a big deal with so many people living in Bismarck/Mandan and commuting to the oil fields.I realize this is going to be a tight deal because I am financing 100% of this but with all this said, do you think this is a fesable project?

If you have a penchant for drinking and driving and intentional torts then you will probably need to explore the entity route but with an increase in coverage and policies you can probably cover the risks wished to avoid in the most cost effective method.

Deed restrictions on rentals are very common and a real double-edged sword...no restrictions are great for investors until nobody can get a loan in the complex thus driving down values.