I also make sure we're above our minimum reserve target, which is roughly $1-2k per unit.Call me simple but the bank account doesn't lie.  

Hey Kyle, the agent finder on BP is going to lead you to the best investor friendly agents in your target market. 

Starter housing on the west coast is pretty tough unless the govmit buys the land and donates it.. land cost are huge part of it.. but in cities were you have lots that are basically worthless  as existing homes cost less than it cost to build.. those could be targets.

@Jon Schwartz also has an awesome calculator you and your target audience can download.

Target Number:                                                                                                                    320,000                                                                                                                                    -64,000 or 20% (agent fee 6% 19,200, GC Fee ~ 25,000, Title/ Closing/Funding 19,800)             256,000 all in                                                                                                                        ~40,000 Profit                                                                                                                      216,000                                                                                                                                       -5% Buffer 205,200So what can be built for 200,000This puts the build size at 200k/120sqft or 1666.67 sqftIn my gut this still appears to be to much house even with 40k in projected profit. 

I wouldn't target Austin goers since they have a surplus of similar things but Dallas is lacking alot. 

Your reinvestment target will drop by the amount of cash that you take. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Their targeted CoC is only 3% which is pretty much it for Class A/B property in Denver,CO.

We found Kipling St through targeted local market research, identifying it as a quick-turn opportunity.