Yes, either that or a multi-family next (leaning towards the MF, if I can find a good one).

You can buy my book, the book from Brandon in the BP bookstore, or Every Landlord's Legal Guide by NOLO. 

What does the 50% rule show the cash flow. 

@Joshua Karas You're on the right track. 

There are several myths that we have to debunk before someone truly believes they can do it.You need millions of dollars to do a dealThat it’s too complicated to figure outThat permitting takes yearsIn those communities developments cost way less (think a couple hundred thousand along with a loan from a regional bank), permitting is not difficult (much less red tape), and the towns are small enough that both the city staff and the local architects and engineers and contractors all work with you to help you navigate the process since you’re all invested in making your community better.Note: The big boys can play in the primary & secondary markets.

Take the hint, and do not renew. 

I was wondering what your experience has been, good or bad with buying rental property in close proximity to the firehouse/station?

  :)   There's so many Gurus pitching this and that without mentioning the risks to them and to the buyers.So glad to hear re your business model being fair to the buyer.   

@Ngozi IwunzeOne way to avoid capital gains is to turn the flip into a rental after the rehab and then do a 1031 exchange into a more expensive property. 

I’m considering buying a plot of land in the Cleveland area and getting a manufactured home (duplex if I could find the right zoning) put onto a permanent foundation to use as a long term rental.