Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 A fix-and-flip project purchased off-market from a tired landlord involved buying a distressed property with significant deferred maintenance.

With that said Phoenix had one of the highest home price declines in the last market down turn.  

Study the market.

I usually just google "market name" airbnb or short term regulations.

The STR market here has become way more saturated and competitive especially in San Juan. 

Then house hack a 4 plex to start I am sure you can get into one of those in that market which is lower priced than 90% of the US.  

@Annabelle Rozen  I believe the stability of the rental market within Allentown is rather robust. 

DFW is a fantastic market for multi-family investments, thanks to its strong job and population growth.

A property is available off market that seems to be a great deal.

I am a licensed real estate agent and have access to MLS just need to learn more about the wholesaling market in Texas....