But if you are looking to buy and flip, you could see substantial returns.

. :)  You guys flipping in Rio with 200% RoI ?

I'm excited for the opportunity to be apart of the community with BP, I reside in the state of Virginia and started my investment journey many years ago at 22 doing fix and flips, I stopped when the market crashed in 2007/2008 and didn't like the way the market looked and I left the investing world, I became a mortgage loan officer, and then processor and later underwriter and learned the backend of the conventional lending world.

Fix Flip- only do surface style changes- flooring, landscape, roof, windows, etc. 

Looking for guidance on options. new builds aren't hard to finance and I would argue they are preferred to existing fix and flip loans, especially if you have experience. banks look at your experience, your builder's experience, loan structure, permits, etc you need to get an experienced builder familiar with advanced underwriting and negotiations with local, regional, and national lenders. in columbus we do ground up construction for clients at a 20% discount so they can BRRRR out of the new build with equity and we have pages and pages of data on what we build and why and it's all supported by market statistics. 

Do you know any people who do flips in those markets?

That’s why you say condescending things like “it may be painful for you to hear” or “ I’m sorry for being blunt”.Anyways you have flip flopped on your point of view which is confusing hence my disagreement.  

Ive already started looking further out to do BRRR/Flips as this is one of those jobs I cannot really afford to lose, having it will help me a lot in the long run.

Little did I know I was going to stumble across some books mentioning bigger pockets, start listening to their podcast, and make a post saying this house is now going to be a fix and flip!

Usually I lean toward buy and hold but that would be a great profit margin on a flip.