I checked the rental value and expect $1150 to $1250 a month for this place.Mortgage (including tax/insurance) $588/moRepair/Vacancy 15% = $188/moCash Flow: $474/moFairly sweet deal! 

Y'all are sweet for the welcome!!

i guess my question is, other than calling agents, who i might add aren't that much of a help, how else do you guys find your sweet spot, areas that are selling, when you don't live in the area.

Letter is short and sweet "I am interested in purchasing your property.

On the one hand managing 5  or 6 properties is the sweet spot for being able to qualify for all things residential and is easily doable for a busy person; on the other hand it is becoming tougher because you don't have the benefits of scale where the income becomes more significant and helps you through a vacancy or 2.

Pretty sweet deal, 147.5 PP, 165 rehab, 450 ARV......we waited till we found a deal with a healthy margin, so when "things happen" we will still be profitable.  

But if you did this every 6 months for the same numbers in 60 months you would have 148,000.00 in profit  as opposed to 15k in profit on cash flow.It is for those very reasons that I personally like flipping homes..if you have deal flow and can keep your numbers in check its pretty sweet.. and in Texas you only pay federal tax if you live there. 

., on 4-units and less you can get residential loans under Fannie Mae / Freddie Mac programs, with 30-Year Fixed rates, which is pretty sweet... you can lock in a low rate right now and it won't change until the loan is paid off in 30 years if you wish.On 5-units and up, the only loan products I've found so far are commercial loans that are fixed for 5-years and then vary with prime.  

"I like to browse Craigslist for any sweet deals, and ran across this one..

Also, there a sweet spot with 4-bedroom homes.