There is a strong inventory of older properties which can be ripe for flipping however as the previous commenter mentioned, it will certainly not be as ample supply as Phoenix.

As a tiny house person myself, I understand the marketplace and am deeply connected with them.I'm working to create a template community to serve as a platinum example to then scale nationwide, wherever there is a need and demand for tiny houses and/or attainable housing options.

I would advise against plowing cashflow back into a property- in 15 years you should have ample equity.

@Jacob GravesNo, that’s fine as long as you attain the property.

Most important things to ensure a smooth renovation loan process is picking a lender that has ample 203k or renovation loan expertise.

Just make sure you find someone who has similar lifestyle as you (noise/cleanliness/etc) - vet them just like you would a normal tenant and interview to get a sense of their personality.3) I purchased in 2015 so prices were lower than now (from a cashflow perspective), so may be harder to attain now, but the other 2 units + 2 parking spaces paid for all the expenses w/approx $400 left over... but I also sacrificed area to get a good deal/income I wanted. 

With the Google Suite and relatively cheap (many free) portfolio management softwares, self-management has been a lot more attainable. 

My current tenant who is on a month to month lease gave me notice on May 1st at around 8:00 PM that he will be vacating his apartment end of month due to a job change.He had the capacity to give me ample notice at least a week earlier than that and it would have given me enough time to find another tenant for June as I am seeing  Prospecive tenants also need to give one month notice before moving to their current landlords,so I will end up losing rent for June.Did my tenant technically break his lease by not informing me by 11:59 pm the previous day?

@BJ MinDistressed debt as entire asset class has ample opportunities.

I did so with knowledge and ample reserves to cover me through any bad time.