Flip and hold markets

[John Voychick]

I'm trying to decide between markets on flip and hold. 

I'm considering memphis and Florida right now but am open to success stories. 

I'm hoping to spend 70-80k cash,  add 15-20k.

Appraise for >115k, refi

Rent for  11-1300.

Has anyone done anything recent like this?

[Brent Coombs]

If it only appraises at 15% more than you have into it - you won't get all your cash back!

ie. At this value-ratio, it's not self-sustainable (for buy-n-hold). And for a flip, is it worth it?

ie. You should be aiming at getting all your cash back, every time you refi.

But sure, if you can get more than 1%/m gross return, and ongoing appreciation, then that's something. It's just that in that price range, is (only) 15% off market value, enough to thrive?...