Strategy in finding a home to flip?

[Kyle Simmons]

After reading, and doing some research I came up with what I call the "3-P's" of Choosing a Farm Area to do flips.

Proximity

• “Neighborhood news” is not even a yard away! It will be easier for you to stay-up-to date on the “happenings” in the community.
• Shorter commute.
• Create conversations with neighbors, who can possibly pass along a potential buyer.
• You get a better “feel” of “who” your target buyer may be.

Price 

• Account for cash flow needed for monthly expenses.
• Select a farm area where you will stay below budget, just in case of surprises that may arise.
• Consider a farm area in which the purchase price plus expenses will give you a comfortable margin of profit.

Performance 

• City improvements are good indicators that people are moving into the area, or are staying.
• Renovating a home in a more desirable school district is more appealing than homes that are not.
• Get a feel of what type of homes in the area of a particular style are selling.

I would really love input and feedback of this post.