Stream flowing thru property with trees along the banks. 

Hey everyoneI'm Omri, and I've recently moved to Houston, TX.I'm currently starting to work with a new construction developer that is constantly looking for vacant lots/distressed properties inside the loop (and in its surrounding areas).Would love to meet agents who deal with these types of properties!

@Greg Scott A multifamily such as a duplex seem to be a better investment in Indiana than a single family home because it provides multiple income streams from one property.

Hi Everyone, I have access to multiple streams of cash and looking to build my own rehab team in either Cleveland or Columbus Ohio.

That is your baseline.Build a cushion into your numbers: (1) If the area reassesses on sale: use purchase price x tax rate, (2) If the area reassesses in cycles: assume a 15-25%  jump at the next reassessment. (3) If the school district constantly passes new funding measures, add another 10% buffer.And yes, pay attention to local ballot measures.

Happy to connect as well — I work with plenty of out-of-state investors who constantly ask for solid local contractors.

Two years later, there is no cash flow and I'm losing money from constant repairs (the only positive side is my large passive losses on my tax returns).

I'm also in the military, and due to constant moving, have properties in AL, FL, TN and VA as well.

A good agent is your market expert, but  deals can come from anywhere, so you have to be constantly looking and ready to run the numbers yourself.

Study the market comps to see what similar properties are trading for and understand the income stream that the property will bring in.On the management side, make sure that you treat it like a business.