You need a photo and some background information or something identifiable.

This will help you identify which needed to be replaced as professional inspectors would inspect electrical system, plumbing, HVAC, foundation, roof, etc. 

Exit strategy is to fix and hold as a long term rental.This will help keep an investor from shiny object syndrome and be able for others to help to identify a specific area that is best.

In other words, Valley Realty agreed that they were bound to disclose known facts, but objected to the idea that they were responsible for "conducting due diligence on the property," which may or may not have identified the soil issues that caused the massive earth movements which nearly destroyed the home.

As we are in such a weird spot at this time that supply/demand cycles is facilitating dangerous upward rent appreciation deviations in some markets, and others have ample room to grow, and with so many unknowing of how to identify the difference in markets or even asset class's within a market and where they stand in rent sustainability. 

After spending a couple evenings looking into Zillow and comparing different areas I realized it may take a while and even if I identify some good area or market I can't be sure it’s the best and there will be some odds that I can improve it a bit.

Most importantly, have a good team in place to help you identify solid deals.  

Jorge - once you find a team and identify your acquisition targets, I can help size the deal (i.e. underwrite) and help you understand what financing options are out there for you, if that's a component you need help with.

As long as you don't touch your proceeds and do everything that the 1031 exchange rules outline about where the proceeds need to go and be held, how long you have to identify a property and then close on that property.  

Let's say I have identified a house that I could buy for cash $100,000 for a short sale(mostly with OPM.)