I have an opportunity to potentially purchase a condo owned by my parents, as well as half of a duplex owned by my sister who has recently moved into her new husbands home.

Last week the projected revenue was basically cut in half or greater on all properties I have looked at (100s of properties). 

I've got 2 MTR's in downtown Wilmington NC 28401, a few miles from UNC campus and 2.5 miles from Novant Health.I have 2 MTR's in Greensboro NC 27403 walkable to UNC campus and a miles from Moses Cone Hospital.

I’ve seen Realtors and wholesalers push “up-and-coming” areas and comp them to locations more than a quarter mile—sometimes half a mile—away to boost ARV.

I wouldn't hire a contractor from 500 miles away for a job that big without meeting them face to face.

Use recent rehabbed comps within a half mile to set your ARV, and stick to the 70% rule when making offers.

We for example only do business within 40 miles. 

The true value is often not what it will appraise for—it is what it will actually sell for on the open market and what a buyer is willing to pay.A lot of times, buyers purchasing properties with the intention of doing a BRRR use sales comps that are more than a quarter mile away from the subject property for refinance appraisal purposes.

i'd try to buy as close to where you live as you can, whether that's 2 minutes or 2 hours, instead of picking a random market potentially thousands of miles away.hope that helps

@Miles Lerner are you looking for a Rochester meet up?