Question is: Should I eliminate the higher tax rate town on a flip for resale or just do the numbers and forget about the tax rates if the numbers work.

It has a low cost of entry and a strong rental market - a great place to build a track record before branching out to higher cost markets.We plan to continue to work full time as we build the portfolio to help with our ability to finance deals.Eventually my goal is to expand to other markets and to purchase large multifamily properties.

Usually flood zone boundaries and or elevations are altered due to new construction in the area, which may be alterations to the stream upstream (i.e. building higher dikes, etc.), widening the stream below you are two such examples.

seems to have higher swings that other parts of the country .BTW , having grown up in NY, and now living in WA, I can tell you that 50s is NOT chilly :) thats almost shorts weather

Do what it takes to buy this low and sell higher.

He told me he would sell the house for what he owed, which was still higher than I could go.

If you do purchase, look to do it April - November when inventory is higher and owners are not getting any rental income.

I'm originally from the Mitchell/Bedford area just south of you.I looked at B-town as an area to invest in but found I can get much higher return here in Indy - not to say you can't find good opportunities in your back yard.Here's a few more books I'd suggest to ready as soon as you can.

Next time I'd be willing to take a slightly lower offer if it came with a shorter inspection and higher EMD.

@Sean McGovern While this makes more sense that renting your current place at a higher rate, this may not be the best investment property down the road.