This may kill your cash flow due to high interests rates though. 2.

I've been interested in it, the cost was pretty high on the Pace Morby one

Strong rental markets with low vacancy rates are ideal for long-term holds, while areas with high ARV growth are great for flips.

I assume it’s not high enough that you or any family members want to take on the job?

Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.

Those holiday numbers are a bit low, those daily numbers are a bit high. 

Buyers don’t care if you shelled out more on the rehab, if you’re priced too high, you’ll end up sitting on the market way longer than you want, driving up holding costs.Lastly if your buying on market, REO or Corporate sellers are dominating and not as willing to negotiate as owners would.

I am assuming here, but if it's been on the market so long, it's priced too high for it's condition. 

Hopefully things continue to progress, and you come out on top with a huge equity position/high cash flow when it's all completed. 

However, turnover is high, probably because privacy is hard to come by.