I would like to hear from "PEOPLE WHO HAVE DONE THIS"  type of flipping / buy-n-hold, as well as the pros and cons of doing so.The first issue that comes to mind is where to get funding on a property with such low entry value.Coffee talk amongst yourselves and get back to me.

If not, better to get an easy one for the first one.....And don't worry too much about the interest rates. they are still pretty low (historically anyway, I won't even tell you what they were for my first house :-)The numbers just have to work, and they can work with even higher rates.....there are other variables, including the perceived high rates keeping a lot of your competitors out of the market.

Investors always want high rents, low prices, and low interest rates.

Vacancy is an understated expense, besides the lost rent there is painting, cleaning, and other repairs.

to determine NOI on a brand-new rehabbed single-family property that should not have any operating expenses. 

I have one myself that I funded after selling my SF home and once I set up my policy, I took a low, simple interest (5.5% for me) loan that I then used to purchase a 4 unit MF; now I'm using it to fund the renovations.

Own a rental single family home in SW FL that cash flows about $1000/month (after all expenses, and my insurance nearly doubling over the last year). 

Our area is low on available housing so flipping is difficult but I was able to acquire the remainder of a subdivision this past summer.

CT like NY is very expensive, and FL is going to have a correction its already begun.

Rarity isn't always the best thing especially if demand for this property type is low in your market.The reason I am bullish on adding ADUs is because I don't think the increased demand for ADUs is unique to New York.