I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or lose money in any market.

Warsaw is known to decline the zoning.If you do rent it get it appraised and take out a LOC against the equity.Remember if you turn it into a rental and hold it you eventually lose the cap gains exclusion. 

- unless you sell within 5 years after you convert to rental, you lose the section 121, and there are no other credits. 

A HELOC on your residence can be a useful tool in real estate but I would certainly be cautious about using that up since that is what could keep your head above water in a financial crisis in either your personal or REI lives.Play out some "what if" scenarios. ie, What if someone loses their job?

If it is hobby money or money you are willing to lose, then that is a different ball game than real estate investing.

I.e. this is a fluke asset, if they hold 20 offices, don't cleave one office off unless you can show why they should think it doesn't fit their model.also, be wary of contact via PM, they often are at odds with changing ownership since its likely they lose management fees if it sells.

It is currently up for sale.I'm assuming the flipper will lose everything if the auction goes through (house and rehab costs).

It is NOT worth losing your license over one listing. 

I am going to sell some property and am wrestling with whether to 1031 or take the tax hit and sit in the cash.1031: Buy real estate now with tax deferred proceeds and cash flow now with 100% of the proceeds.But when (not if) the next crash comes, could lose up to 40% of value or more. 

Also, assuming you have income somewhere else like w-2 income, those loses can offset some of that income.