Many people say they will wait and never end up doing anything.I was in your shoes 2 years ago, couldn’t find what I was looking for in Tri State area so I decided to go to the market as a novice not knowing anything about Charlotte just the research that I’ve done and planted my roots.What I do is I buy for Positive cash flow now not for the future, I don’t even consider appreciation that’s the icing in the cake a bonus.If I can get the positive cash flow/ return I’m looking for now I pull the trigger.The way I see it when the market turns and becomes a buyer market I will be a more season investor and will be ready to bounce on great deals.

Incredible returns, no rehab needed, and you can buy/sell all over the country.

They want to sell it and pocket all the returns. 

Or what should I be expecting as my annual return?

Also some of the taxes over there are high and will kill your cash on cash return percent if your not throughly crunching your numbers. 

Other than that, it works as a cash flowing property with decent returns.  

I have been told it is considered so bad, return of commission is on the table.

If you are a developer that has 10 projects and you make millions each time on 7 of them but the other 3 fail upfront and you lost hundreds of thousands per deal likely still making great return overall.If you are smaller developer with 1 or 2 projects that can really eat into your net worth burning upfront cash on a project seeing if it will take off or not.You could 1031 as mentioned and just buy something yourself.

Lets say you invest the 40k into your duplex and it allows you to raise your rents by $150 per side yielding you another $300 per month and $3600 per year.3600/40000=.09Is a 9% return within your goals?

I then moved to Puerto Rico for 4 years, from there I moved to Texas before returning to Washington.I recently bought a 4(5) bedroom house on 4, 5 are lots in Anacortes, with 2 other people.